GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven days.
US - The US government could default on $20bn of social security checks scheduled to go out on 3 August unless congress is able to come to terms on how to raise the $14trn debt limit, President Barack Obama said yesterday.
US - President Barack Obama, in his speech unveiling $4trn in budget cuts yesterday, said he wanted to avoid drastic cuts to Social Security, but that the system needs reform to strengthen it over the long haul.
UK/GLOBAL - BP directors will face "testing questions" from schemes in the wake of the firm's decision to suspend dividends for the remainder of the year, the National Association of Pension Funds said.
GLOBAL - BP will not pay dividends for the remainder of the year as it has to put us$20bn in a compensation fund for victims of the Gulf oil spill.
BP directors will face "testing questions" from schemes in the wake of the firm's decision to suspend dividends for the remainder of the year, the National Association of Pension Funds says.