THE Crown Agents Superannuation Scheme has appointed Garvins as scheme actuary.

UK - The National Association of Pension Funds (NAPF) has called generic financial advice (GFA) to be rolled in the workplace ahead of the 2012 introduction of Personal Accounts in response to the interim report on the Thoresen Review of GFA.

US - A hybrid defined contribution (DC) scheme which would offer the guaranteed income of a defined benefit (DB) pension has been unveiled by UBS Global Asset Management and Genworth Financial.

Trustees are offering unfair transfer values to members in a bid to minimise scheme liabilities, Pension Capital Strategies claims.

AUSTRALIA - The Association of Superannuation Funds of Australia (ASFA) has proposed measures to boost private savings through increased contributions to super in its pre-budget submission.

Aon Consulting has launched a specialist trustee service to provide dedicated support for covenant assessments of scheme sponsors.

Schroders' institutional business has added to its multi asset strategies stable with the launch of its diversified completion fund.

Pension tax relief is set to be cut by up to 3.2 percentage points following changes in the basic rate of income tax, Hargreaves Lansdown says.

US - Pension funds seeking compensation from major investment banks for their part in the Enron scandal have seen an appeal turned down in the Supreme Court.

US - Pension fund group CtW Investment Group has demanded an explanation from Wachovia Corporation's board of directors' risk committee on what action it took to protect shareholders from excessive exposure to mortgage-related risk over the past two years....