US - The Chicago Board of Education has claimed the state is acting unconstitutionally in contributing more into the statewide Teachers' Retirement System, compared to the Chicago teachers pension fund.

GLOBAL - An overwhelming majority (71%) of the Global Pensions 100 Panel believes pension fund finance should be viewed from a risk management perspective.

Yahoo has implemented an online benefits system for their group personal pension schemes.

The multi-employer Scottish Federation of Housing Associations Pension Scheme has unveiled a raft of changes to protect its defined benefit arrangements.

Scheme wind-up victims will be hit with "penal taxes" on their Financial Assistance Scheme compensation, the Pensions Action Group claims.

Legal & General has updated its corporate pension website in a bid to improve fund information for administrators and members.

UK - Currency overlay managers failed to add value for the second consecutive quarter, according to BNY Mellon Asset Servicing.

The government must give consumers more choice on how they take their retirement income, the Investment Management Association urges.

Islington Council Pension Fund has gone to tender for two mandates worth up to £400m in total.

The government has raised the adult national minimum wage from £5.52 to £5.73.