Investment

About 1.8 million people are set to request to work after traditional retirement ages over the course of the next decade, Prudential research shows.

Barclays has reported a one-off credit of £371m resulting from the closure of its UK final salary pension scheme to existing members.

The aggregate funding position of the 7400 defined benefit funds monitored by the Pension Protection Fund improved to a deficit of £97.6bn this month.

The High Court has ruled trustees cannot rely on the safety net afforded by the Pension Protection Fund when taking decisions.

NETHERLANDS - The country's three pension funds groups and the insurance association have criticised the government objective to improve pension funds' deficits by increasing the retirement age from 65 to 67.

NETHERLANDS - Listed postal company TNT Post plans to ask staff to pay pension contributions for the first time as part of a cost cutting measure meant to avoid significant layoffs.

UK - The Pension Protection Fund has published proposals for the 2011/12 pension protection levy year in a bid to improve the way it assesses the insolvency risk for sponsoring employers of pension schemes that pay the levy.

The Pension Protection Fund has published proposals for the 2011/12 pension protection levy year in a bid to improve the way it assesses the insolvency risk for sponsoring employers of pension schemes that pay the levy.

ITALY - Collective participants joining open Italian pension funds will now be able to nominate administrators, pension watchdog COVIP said.

De-risking remains a top priority for pension schemes, trustees and sponsors, Mercer research finds.