US - The Pension Benefit Guaranty Corporation (PBGC) shaved almost US$3bn off its deficit in 2008, according to its 2008 annual report.
AUSTRALIA - The government is considering providing an optional capital gains tax roll-over for superannuation funds that merge with other complying funds in a bid to help reduce costs.
US - Congress must enact further legislation to help firms stabilise pension schemes hit by falls in asset values. Hewitt has urged.
Professional Pensions senior pensions correspondent Jenna Towler has received a top accolade at the Incisive Media Awards 2008.
UK - People hardest hit by the near collapse of Equitable Life will be compensated by the government, the Treasury has confirmed.
GLOBAL - Total exchange traded fund (ETF) assets under management (AuM) fell in 2008, although trading volumes and products rose, according to Barclays Global Investors (BGI).
The Dow Jones Wilshire 5000 lost US$6.9trn in overall market value in 2008 - marking the worst loss in the history of the index.
People hardest hit by the near collapse of Equitable Life will be compensated by the government, the Treasury has confirmed.
Merseyside Pension Fund has provided 50pc of the £30m seed funding for the Nomura RAFI global all country equity fund.