Industry fears over personal accounts revolve around employer contribution duties not the scheme itself, the Personal Accounts Delivery Authority says.

AON CONSULTING has appointed Chris Simmons as national operations manager and Andrew Leslie as head of operations.

Pension Protection Fund holds steady to aid employers; Pension plan will shun hedge funds; Central banks step in as bail-out fears mount; We need international regulation to protect global economy, Brown tells world leaders; Don't make City a scapegoat...

Public faith in the security of pensions fell dramatically in the wake of Lehman Brothers' collapse and the FTSE100 share drop, The Pensions Advisory Service says.

John Menzies has appointed Hymans Robertson to act as investment and actuarial adviser to its pension schemes.

RMB Asset Management has launched a diversified target fund in a bid to help schemes manage funding volatility.

GLOBAL - What is the difference between US government-sponsored entities Fannie Mae and Freddie Mac and pension funds? The US government will not bail out pension funds.

US - The US$223bn California Public Employees' Retirement System (CalPERS) has appointed Randall Mullan as senior portfolio manager for infrastructure investments and promoted Dan Bienvenue to senior portfolio manager of global equity.

INCLUDING: EUROPE - EC approves ABP shopping centre investment; UK - Low PPF premium for Lehman; UK - DB Advisors appoints director; AUSTRALIA - Deloitte boosts super practice ; US - PBGC director praises pension transfer

UK - Pension fund manager Hermes has responded to calls from retailers to allow them to pay rent monthly rather than quarterly in advance, in a move expected to ease the burden of current market volatility.