Prudential is to use postcodes as an additional risk factor for annuities, Hargreaves Lansdown says.
AUSTRALIA - Single pensioners are struggling to meet basic living costs, receiving less than those in other developed countries, a background paper for the Rudd government's Pension Review shows.
PPF faces £80bn deficit as market turmoil takes toll; Perfect storm hits pensions five years after the last one; Inflation takes fresh leap to 4.4pc
Two local government pension funds are leading a US class action law suit against Lehman Brothers over sub-prime losses.
US - The City of Jacksonville's pension plans face a major overhaul if recommendations from a government watchdog are put in place.
GLOBAL - Towers Perrin has increased its focus on cross-border pension plans for multinational companies with the appointment of senior consultant Dave Roberts.
HEWITT ASSOCIATES has appointed Colin Bullen to its UK retirement consulting practice.
US - Pension funds are reviewing policies governing securities lending pools and short-term investment funds, a survey by Greenwich Associates has revealed.
US - New York State attorney general Andrew Cuomo has announced his office is expanding its investigation into the auction rates securities scandal to include JP Morgan Chase, Morgan Stanley and Wachovia.
The Pensions Regulator's draft guidance on how to calculate transfer values for members of defined benefit pension schemes is too late to be effective, Mercer says.