Steps include speaking with rating agencies in New York, implementing $6 billion in bonding authority.
New offer more than triples payments proposed in rejected offer.
Cold War-style spheres of influence could define the new global order.
Reductions are expected to save the government nearly $46 billion.
Survey finds only 20% of the UK believe employer pensions will make the most of their money.
Assets increased by £5.3 billion, as funding ratio rises to 121.6%.