THE aggregate funding position of the 7800 defined benefit schemes monitored by the Pension Protection Fund worsened to a £24.1bn deficit at the end of July, latest figures reveal.

ESTABLISHING a group self-invested personal pension can make it easier for senior employees to satisfy company shareholding requirements, Watson Wyatt says.

Trustees to seek more cash from sponsoring employers; Property funds in the black; Property funds in the black

US - Global pension fund deficits improved over last year thanks largely to movements in international corporate bond markets caused by the credit crunch, according to the research by actuaries Lane Clark & Peacock (LCP).

IRELAND - The Irish government has been urged not to take a 'payment holiday' from contributions into the National Pension Reserve Fund (NPRF) due to the worsening economic outlook.

UK - The circa £3.6bn (US$6.9bn) London Pensions Fund Authority (LPFA) has awarded incumbent manager European Credit Management (ECM) £25m.

MORE than 13 million people have never reviewed their pension plans, research from Baring Asset Management shows.

US - The fledgling pension buyout market in the US has been stopped in its tracks, following a ruling from the US Treasury this week that such transactions are unlawful.

US - Michigan's State Department of Treasury has denied there are political drivers behind the decision to set aside US$300m of the state pension fund to be invested in Michigan-based companies.

THE London Borough of Enfield has re-appointed State Street to provide a range of services to its £520m superannuation fund.