UK - The Pensions Action Group has said its all-night vigil outside Downing Street last night was successful, with both the minister for pensions reform Mike O'Brien and shadow work and pensions secretary Chris Grayling making an appearance

US - The San Diego City Attorney has filed a case against the city employees' retirement system (SDCERS) over the funding of service credit agreements.

GLOBAL - North American investors were again responsible for a fall in investor confidence this month from 82.0 to 74.3, according to State Street.

SCHEME wind-up victims will hear news on their fight for better compensation in the very near future, Mike O'Brien told delegates at the Professional Pensions Show today.

Pension schemes should be forced to tell retiring members about the benefits of open market option annuities, Living Time says.

The Liberal Democrats have accused ministers of "cherry-picking" reform proposals.

Telent pension scheme trustees have assured members benefits will not be affected after a £398m takeover deal for the rump of Marconi was confirmed.

The number of private sector employees in open defined benefit schemes has halved since 2004 and will continue to fall unless the government backs shared-risk schemes, actuaries warn.

UK - According to reports, trustees of the BT Pension Scheme have considered implementing a new business plan for Hermes, the fund's spin-off investment business, which will be announced later this month.

Prudential has launched a new income drawdown facility which completes its holistic flexible retirement plan.