UK - Troubled building society Dunfermline has applied for its pension scheme to enter the Pension Protection Fund.
This comes after Nationwide had acquired Dunfermline last month, with government financing of £69m (US$102.7m).
Administrator KPMG confirmed the £32.8m scheme was £7.16m in deficit at the end of 2007 and added the current deficit was estimated to be £20m.
Meanwhile, the lifeboat said the aggregate funding position of the defined benefit pension funds monitored by the PPF was estimated to have worsened during March to a deficit of £242bn, from a deficit of £204.7bn at the end of February.
It added the total deficit of schemes in deficit in March was estimated to have worsened to £253.1bn from £218.0bn at the end of February. In March last year, the aggregate deficit of all schemes in deficit stood at £81.5 billion.
It also said, in March, the total surpluses of schemes in surplus fell to £11.1bn from £13.3bn at the end of February 2009. In March 2008, the total surplus of all schemes in surplus stood at £58.7bn.
Punter Southall principal David Cule said PPF data showed "in current conditions UK companies are required to provide at least £240bn of support for UK pension schemes - more if benefits are expected to be provided in full.
"This is significantly greater than the quantitative easing package put together and on a par with the level of support being put together for the UK banking system."
A "substantial" parliamentary bill acting as a "roadmap" for the long-term future of private pensions will lead to a "significant period of calm", Guy Opperman has promised.
The Department for Work and Pensions (DWP) has completed its appointment process for the Single Financial Guidance Body's (SFGB) board, naming three non-executive directors.
Pensions and financial inclusion minister Guy Opperman has launched a simplified two-page annual statement in a bid to provide a best practice template for the industry.
Some 70% of defined contribution (DC) members want to know their scheme is personalised and tailored to their needs, an Invesco language study reveals.