UK - Public sector workers are paying less National Insurance (NI) than the private sector leaving the taxpayer with a £3.5bn ($6bn) bill, a former Downing Street adviser warns.

NETHERLANDS - APG Group's ambitions to take on the international market have been welcomed by the Dutch pensions industry, but with a warning that it must take some risks in order to achieve success.

DUNSTAN THOMAS has upgraded its pensions administration package with illustration tools to support protected rights rule changes due to come into force next month.

GlaxoSmithKline has launched a "group ISA" with Standard Life to stand alongside its group personal pension and other savings options.

Lehman Brothers Asset Management is set to launch an alternative asset allocation fund in a bid to help smaller schemes access the investment class.

THE Pension Protection Fund has appointed Oliver Wyman to help it develop a new levy formula.

Savings crisis widens public-private gap; Investors shun equity funds; World markets reel on recession fears; C&W break-up talk raises speculation group could

US - Union members in the US have been warned to keep a vigilant eye on their retirement funds in a new paper released by non-partisan policy research organisation The Hudson Institute.

GERMANY - German lifetime working account (lebensarbeitszeitkonto) schemes will strongly accelerate the pace of the transition from defined benefit (DB) to defined contribution (DC) schemes, much advocated by German companies in a country largely dominated...

The £75bn business comprising of Resolution asset management and Axial Investment Management is to rebrand as Ignis Asset Management.