UK - Consulting firm Watson Wyatt has developed an updated version of its financial modelling system, VIPitech, which it claims slashes stochastic run times.

AUSTRALIA - Superannuation schemes are ignoring members' wishes by investing in tobacco, according to the Cancer Council NSW.

EUROPE - European property markets look set to deliver low returns in 2008 as a result of asset re-pricing due to the credit crunch.

AUSTRALIA - Senator Nick Sherry has voiced his concerns over the governance of self managed superannuation funds (SMSF).

Gissings has been appointed by City West Housing Trust and Havebury Housing Partnership to advise on pension scheme issues.

RBC Dexia has been ranked as the best global custodian by UK pension funds and other asset owners, latest R&M Surveys research shows

Standard Life confounds critics with rise in profits; Markets continue rally on Fed move; Tullett benefits from turmoil with 19pc increase in profits; FSA urges compulsory holidays to uncover rogue traders in the City

PIRC is set to launch a governance rating service to offer a risk based analysis of corporate responsibility issues.

Here it is - the complete shortlist for this year's UK Pensions Awards.

STANDARD LIFE has reported a 43pc increase in operating profit before tax to £881m.