US - The board of the California State Teachers' Retirement System (CalSTRS) has voted to support proposed legislation to help curb pension spiking.

AUSTRALIA- Telstra Super, the A$11bn (US$11.8bn) corporate superannuation fund, will cut administration fees on its retail product Telstra SuperPersonalPlus from 0.6% to 0.2% in July.

AUSTRALIA- Declining home ownership rates mean that superannuation will become the biggest investment vehicle for up to 25% of Australian in 15-25 years' time, according to a white paper by REST Industry Super.

US - New York City's pension costs will peak in 2016 before they begin a gradual, steady decline, a study commissioned by Comptroller John C. Liu predicts.

US - Prudential Financial has appointed Kathryn Sayko as managing director for its Strategic Solutions Group.

ASIA - Schroders has appointed Western Asset Management's Rajeev De Mello as head of Asian fixed income.

There is a growing recognition by asset owners that companies with active, informed shareholders are more likely to create value than those without, Hermes Equity Ownership Services believes.

US - Northern Trust has named R. Peter Sanchez as chief executive officer of Northern Trust Hedge Fund Services.

AUSTRALIA - MTAA Super has entered into a A$90m ($95m) partnership with national residential land specialist Peet to complete the development of Flagstone City in southeast Queensland.

UK - There is a growing recognition by asset owners that companies with active, informed shareholders are more likely to create value than those without Hermes Equity Ownership Services (EOS) believes.