The charging structure of personal accounts must remain attractive despite having to recoup "substantial subsidies", the Society of Pension Consultants says.

DENMARK - ATP Group has recorded losses of DKK2.2bn (US$0.46bn) in the first quarter, with its investment portfolio returning -0.3%.

THE Pensions Regulator has published its second corporate plan , setting out its view of the pensions landscape, strategic direction and outcomes to be achieved during the next three years.

RESOLUTION Asset Management and Axial Investment Management will merge following Pearl Group's takeover of Resolution.

UK - Pension Corporation chief executive Edmund Truell has urged the government to focus on the "real pension issues", after its recent proposal to strengthen the powers of the Pensions Regulator (TPR) to deal with pension buy outs.

UK - The Lothian Pension Fund has become one of the lead plaintiffs in a class action lawsuit accusing BP of destroying shareholder value.

UK - HM Treasury has released figures showing contributions paid by UK Government departments and employees to public sector pension schemes are £30bn less than the cost of the new benefits being earned.

INCLUDING: UK - Global service manager for Northern Trust; AUSTRALIA - ASIC appoints CEO; UK - Linklaters pensions practice expands

A greater risk to pensions?; Credit Suisse leads wave of job cuts

ASIA PACIFIC - Mercer has created a role in its Asia Pacific region to provide investment solutions to mega funds.