UK - Credit Suisse has been fined £5.6m (US$10.5m) by the Financial Services Authority (FSA).

CANDADA/US - The Ontario Municipal Employees Retirement System (OMERS) and GIC Special Investments (GIC SI) have bought a minority stake in the largest electricity distribution and transmission system in Texas.

GLOBAL - Fears of inflation have all but evaporated among fund managers, reaching their lowest level since the downturn of late 2001, Merrill Lynch's latest fund manager survey has revealed.

ROMANIA - The first acquisition in the private pensions market could occur by the end of the year, the Romanian Private Pensions Supervisory Commission says.

US - American workers are continuing to contribute to their workplace savings plans despite current market volatility, a study by Fidelity Investments has shown.

GLOBAL - Bank of New York (BNY) ConvergEx Group has announced its Global Transition Management business achieved record growth in July 2008.

INCLUDING - AUSTRALIA - Super funds told to diversify; US - Engineers gear up to sue CalPERS; UK - Scots in dark about retirement

UK - Members of defined benefit (DB) pension schemes should expect lengthy delays when seeking to take a cash equivalent transfer value, Punter Southall warns.

Some 4.15 million people of state pension age are being forced to claim key government benefits in a bid to make ends meet, latest government figures reveal.

Industrial action has been temporarily halted at Prysmian Cables after trade union Unite and the company agreed to restart talks on pensions.