UK - The Pension Protection Fund (PPF) has admitted it made a mistake and underestimated the aggregate funding position of defined benefit schemes by almost £20bn (US$40bn) in January 2008.

Over a third of schemes and other institutional investors plan to increase their allocation to alternative investments over the next three years, research by PricewaterhouseCoopers reveals.

Pension schemes revolution needs careful thought; Norwich Union defends upfront commission; Government seeks to send in pension protectors; Private equity takeovers face new threat

THE government has decided not to appeal against the Pensions Action Group judicial review victory.

UK - The O2 Pension Plan (O2) has appointed BNY Mellon Asset Servicing B.V. to provide global custody, investment accounting, cash management, securities lending and performance measurement services.

NEW ZEALAND - Payments for the National Superannuation scheme are set to rise by 3% on 1 April 2008, the New Zealand government has said.

CANADA - Quebec Superior Court has ruled the proposed take over of Bell Canada Enterprises (BCE) by a consortium led by the Ontario Teachers' Pension Plan (OTPP) can go ahead.

UK pension schemes are increasingly opting for an unconstrained approach to equities in a bid to boost performance, Hewitt Associates says.

Companies face bigger pensions risk levy; F&C turnaround 'will benefit new owner'; Sterling surges through $2 mark as rates held; YouGov to use research from polls to help investors in its new hedge fund

TRUSTEES may be in breach of their fiduciary duty if they do not take climate change into account when making investment decisions, the London Pension Fund Authority warns.