RUSSIA - A new fund has been created to support Russia's pension systems, the country's finance ministry has announced.
The creation of the fund, along with a Reserve Fund, was the result of splitting the $157.4bn Stabilisation Fund.
Pyotr Kazakevich, a finance ministry official, reportedly told journalists in Moscow: "The Reserve Fund is mainly an investment fund. It will finance the budget if necessary and it can be used to pay back debts.
"The National Welfare Fund is to support the country's pension system."
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers