Investment

EUROPE - The European Commission has adopted additional proposals clarifying the scope of the new European Supervisory Authorities.

Millions of pensioners are paying too much tax, according to a National Audit Office report.

People must become more involved in their retirement provision ahead of significant changes to the pension landscape, a Pensions Policy Institute report warns.

UK - Nine-tenths of trustees and sponsors believe deficits will increase at their next valuation, latest Hewitt research revealed.

High profile pension lawyer John Quarrell has lashed out at the financial regulators which shut down his company - accusing them of victimisation and underhanded behaviour.

There are signs the government is meeting some of the challenges facing the pensions industry, the Confederation of British Industry says.

Nine-tenths of trustees and sponsors believe deficits will increase at their next valuation, latest Hewitt research reveals.

SWITZERLAND - Swiss pension funds are set to post an average growth in excess of 9% for the first three quarters of 2009, the latest Swiss institutional survey by Lusenti Partners revealed.

US - Defence contractor Lockheed Martin said yesterday it planned to contribute US$2.4bn to its pension funds through 2010.

GLOBAL - The take up of infrastructure by institutional investors is being compromised by high fees, Watson Wyatt said.