SOUTH KOREA/UK - South Korea's National Pension Service has agreed to buy HSBC Holdings' London headquarters for £772.5m (US$1.3bn) in cash.

AUSTRALIA/CHINA - Pension provider AMP has agreed a strategic partnership in asset management and pensions with China Life to exploit the opportunities arising from China's changing investment regulatory framework and ageing society.

EUROPE - The revised text of the European Directive on Alternative Investment Fund Managers (AIFM) outlining limitations on ways hedge funds and private equity managers are paid has been released.

NETHERLANDS - The Dutch government's planned reform on retirement age which would see Dutch workers retiring at 67 instead of 65 came under the fire of the opposition parties during a parliamentary debate yesterday.

NETHERLANDS - Dutch MPs are discussing today the controversial pension age reform with prime minister Jan Peter Balkenende and finance minister Wouter Bos.

US - The California Public Employees' Retirement System's (CalPERS) president Rob Feckner has urged the other members of the fund's board to support laws which would submit placement agents to the same rules as lobbyists.

SPAIN - Assets under management of pension funds falling under the individual system category decreased 0.63% during the month of October, data from research company VDOS Stochastics revealed.

AUSTRALIA/NEW ZEALAND - AXA Asia Pacific Holdings (AXA AP) has rejected an A$11bn (US$10.2bn) acquisition offer by Australian financial group AMP claiming it undervalued the company.

London Pensions Fund Authority chief executive Mike Taylor speaks to PP senior correspondent Giovanni Legorano about how the fund has recuperated the losses incurred last year.

MEXICO - Financial services group Profuturo is set to acquire Scotia Afore, the Mexican pension fund business of Canada's Bank of Nova Scotia.