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Personal accounts will complement and not replace existing provision, Tim Jones says.

Veritas Asset Management is wooing pension funds into its global equity strategy, which is currently dominated by retail investors.

UK/Global - London-based Veritas Asset Management is wooing pension funds into its global equity strategy, which is currently dominated by retail investors.

UK - Deregulatory easements making it easier for final salary schemes to function must be met with employer promises to keep schemes open, pensions minister Angela Eagle said.

US - Cooper Tire & Rubber Co. has reached an agreement with the Pension Benefit Guaranty Corporation that sees the company pouring US$39m into the retirement plan of employees at a shuttered plant, the PBGC said yesterday.

CANADA - The Canada Pension Plan Investment Board (CPPIB) said it gained over C$11bn (US$10.1bn) in the quarter ending June 30, but assets remain lower than they were last year, the CPPIB said in its quarterly release.

CHILE - Assets in Chilean pension funds grew in the month of July to US$102bn, but remain at a lower level than one year earlier, according to data from Superintendencia de Pensiones, the national pension watchdog.

Balfour Beatty has announced plans to make further cuts to benefits paid under its defined benefit pension scheme in a bid to reduce its deficit.

FTSE100 firms are set to spend more on pension payments for past employees than current staff for the first time over the next year, KPMG research reveals.

Pension deficits to cost more than new contributions; Balfour next to downgrade staff pensions