Investment

The UK's combined defined contribution pension savings have rebounded by more than £103bn since this time last year, Aon Consulting says.

Retirees who shop around are 50-times more likely to get an enhanced annuity than those who stay with their pension provider, a lobby group claims.

US/UNITED ARAB EMIRATES - The Abu Dhabi Investment Authority (ADIA) said it plans to fully "pursue its legal rights" as it looks to pull out of its 2007 investment in Citigroup or receive US$4bn in compensation.

GLOBAL - Fewer investors will employ active managers and will avoid high-fee products in 2010, Watson Wyatt predicted.

NETHERLANDS - De Nederlandsche Bank, the Dutch central bank, said it plans to improve the risk management functions at local pension funds after a review of the industry found schemes took on too much investment risk.

The Accountancy and Actuarial Discipline Board has launched an investigation into the conduct of an accountant in connection with matters related to the financial statements of Equitable Life Assurance Society in 1999.

Trivial commutation regulations which should have come into effect on December 1 have been delayed due to a government drafting error, a law firm says.

Industry veteran Richard Stroud is to quit as a volunteer adviser with The Pensions Advisory Service amid claims of ageism at the department for work and pensions.

Dear Sirs, I have decided to write this open letter after a great deal of consideration as well as with much regret.

If you would like to participate in the 2010 cycle of the PensionDCisions Sponsor Survey - published in association with Professional Pensions - now is your last chance to be involved.