Investment

US - The California Senate has passed a bill requiring more disclosure by placement agents looking for business from government pension funds.

Whitbread is set to close the defined benefit section of its group pension fund to future accrual at the end of 2009.

People with no retirement savings could be forced to work until they are 86 if they want to achieve two-thirds of their final salary, Standard Life says.

John Moret of Suffolk Life answers questions about the future of SIPPs

Aon Consulting has appointed Donald Duval as head of the fiduciary management service it launched with Russell Investments in July.

Employers should do more to help their staff effectively plan for retirement, Scottish Widows says.

Some small self-invested personal pension operators are failing to meet the Financial Services Authority's treating customers fairly guidelines and must improve, the regulator has warned.

Aon Consulting has appointed Donald Duval as head of the fiduciary management service it launched with Russell Investments in July.

UK - The number of complaints about life and pensions products has fallen by 76%, latest Financial Services Authority data reveals.

GLOBAL - Employers will play a critical role in addressing the rising costs of pension and healthcare benefits, a report by the World Economic Forum reveals.