US - New York state comptroller Thomas DiNapoli has axed pension rights for six more officials as part of an investigation into the state retirement system.
DiNapoli said: "We're moving forward, case by case. We're conducting a rational, in-depth examination to make sure pensions are only going to those people who have earned them. And we'll make sure that local taxpayers are made whole."
The most recent changes affect three attorneys who have had State and Local Retiremtn System membership revoked, and two further lawyers and an accountant who have had retirement system service credit rescinded.
In a single case, one of the lawyers involved was wrongly listed as an employee of two Long Island public libraries and the Franklin Square Union Free District School.
It is not clear whether the mis-categorisations of employees were carried out deliberately, but DiNaopli's office has pledged to recover benefits paid erroneously.
The Pensions Regulator (TPR) has granted 11 master trusts extensions to apply for authorisation, as it confirms it has received 22 applications ahead of the 31 March deadline.
Aegon Master Trust, Fidelity Master Trust and Ensign have sent off their authorisation applications to The Pensions Regulator (TPR).
Self-administered pension funds spent £15bn on payments to pensioners in Q4 2018, but received just £12bn in contributions (net of refunds), Office for National Statistics (ONS) data reveals.
Aberdeen Standard Investments (ASI) and Gresham House are to team up to form a joint venture.