Better communication between trustees, sponsoring employers and members of defined contribution schemes can give a significant boost to financial outcomes, The Pensions Regulator says.

The £550m London Borough of Croydon Pension Fund has gone out to tender for four mandates in a restructure of its portfolio.

L&G aims to cap pension liabilities; Crunch hits pensions savings; City watchdog bans short-selling of banks; BlueBay optimistic after fund inflows weather turmoil; Barclays plans share issue to shore up Lehman bid

US - The City of New Orleans Employees' Retirement System is suing the chief executive of American International Group (AIG) for shareholder losses, which it alleges are the result of imprudent risk taking and mismanagement.

UK - The creation of the giant banking group following the merger of Lloyds TSB (Lloyds) and HBOS will have little immediate effect on pension fund portfolios, it has been claimed.

POLAND - The European Commission (EC) has threatened to take Poland to the European Court of Justice, unless it agrees to remove investment restrictions imposed on the country's pension funds.

The latest Professional Pensions Conjecture debate, which looked at the key issues surrounding DC member communication, has gone live.

LEGAL & GENERAL has proposed to cap increases in pensionable salary to 2pc per annum in a bid to reduce scheme liability growth.

GLOBAL - Pension funds in the US and Europe have restricted their securities lending activities as regulators in the US and UK announced a clampdown on short selling of financial stocks.

US - New York City Employees' Retirement System (NYCERS) has bought US$15m of State of Israel fixed rate two-year bonds from the Development Corporation for Israel.