ITALY - The Italian supervisory commission on pension funds (COVIP) has signed a framework agreement of collaboration with the Guardia di Finanza (GdF), in order to put in place legal provisions for the protection of savings.

US - Credit Suisse has reached a settlement agreement with the Attorney General of the State of New York and the North American Securities Administrators Association Task Force to repurchase at par auction rate securities (ARS) held by investors.

The Pensions Regulator has gone out to tender for at least five specialist consultants to assist with its new services framework.

Costs of the John Lewis defined benefit pension scheme increased by £8m last year denting company profits, its interim results show.

The government has clarified Local Government Pension Scheme ill-health regulations after scheme managers raised concerns over the number of possible appeals.

Rpmi has made two appointments to strengthen its investment team.

Equity market falls of 4pc on Monday increased total UK pension deficits by £13bn, PricewaterhouseCoopers estimates.

The South Yorkshire Pension Fund has appointed Prudential as an additional voluntary contribution provider.

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CANADA - Company pension plans are still in deficit, as sponsors continue to take investment and interest rate risk with portfolios, according to Mercer.