AUSTRALIA - The current level of super guarantee is "not adequate" to deliver a decent level of income in retirement, superannuation minister Nick Sherry says.

SOUTH AFRICA -The South African Social Security Agency (SASSA) has processed 5,000 applications for pensions from men aged between 63 and 64 since the new Social Assistance Amendment Act came into effect on 14 July.

DENMARK - Denmark's biggest pension funds will have to report on corporate social responsibility (CSR) as part of new legislation currently under development by the Ministry of Economic and Business Affairs.

US - New Jersey's beleaguered pension system is expected to pay out US$5.1bn in retirement payments in the coming year, according to the Treasury.

UK - Over 13 million people in the UK have never reviewed their pension plans and a further 2.2 million have not done so in the last five years, a study from Baring Asset Management has found.

UK - Companies have been warned to expect a demand for more cash from nervous pension trustees as turmoil in the markets worsens.

NEW ZEALAND - Despite current market volatility, 95% of New Zealand's private investors who have joined KiwiSaver - the country's national superannuation scheme - feel that signing up to the scheme was a good decision.

US - July funding ratios in typical US pension funds gained 0.6% because liabilities fell 1.4% compared to the 4.8% decline in funding ratios last month, according to a BNY Mellon Asset Management report released Wednesday.

UK - The Pension Protection Fund (PPF) has released results of its PPF 7800 index, showing the aggregate funding position of defined benefit (DB) pension schemes worsened over July, slumping to a deficit of £24.1bn (US$46.2bn).

US - Airline unions have voiced strong concerns that a proposed Delta/Northwest Airlines merger will put at stake employees' pensions and threaten the solvency of the Pension Benefit Guaranty Corporation (PBGC).