Town hall millions may be lost in Iceland; Funds managers welcome confidence boost; Uniq blames lost appetite for profit warning; Henderson seeks investor backing for restructuring

UK/US - Pensions education as a solution to the lack of DC scheme enrolment does not work and is a total waste of money, delegates at UK's National Association of Pension Funds (NAPF) Annual Conference were told yesterday.

UK - The UK's National Association of Pension Funds (NAPF) has announced plans to reward better than average defined contribution pension schemes with a 'Pension Quality Mark'.

GLOBAL - The director-general of the Banca d'Italia Fabrizio Saccomanni has called for the International Monetary Fund (IMF) to become a global monetary and financial watchdog.

NEW ZEALAND - The opposition National Party has proposed a plan to finance cuts in personal tax payments by reducing contributions to the government's KiwiSaver pension fund.

US - The American Academy of Actuaries (AAA) has asked the Actuarial Standards Board to develop standards to consistently measure the economic value of public pension fund assets and liabilities.

INCLUDING: GLOBAL - IASC support for IASB's credit crisis response; UK - Jeannie Drake named acting chairman of PADA; US - CalPERS officially launches search for CEO

THE government's plan to shore up the battered UK banking sector with a £50bn emergency share capital package and a further £450bn of loans and guarantees to boost liquidity has been well-received by the pensions industry.

Trustees who believe they have complied with conflict of interest requirements under the Companies Act could remain in breach of the law, Allen & Overy warns.

BA shares hit turbulence over pension fund worries; Bank shares rocked as nationalisation rumours rampage through markets; Pensions: Downturn has wiped one fifth off retirement funds; House price falls spur comeback for pension savings; Defined benefit...