US - Arkansas Teacher Retirement System and Bernstein Litowitz Berger & Grossmann (BLB&G) have settled a US$28.5m securities class action lawsuit against PharmaNet Development Group.

US - Perry Kenny has reportedly received strong endorsements from public employee and retirement organisations for the retirees' seat on the California Public Employees' Retirement System (CalPERS).

YORKSHIRE Building Society has launched a pension review service to help people maximise their retirement income.

GOVERNMENT engineers and scientists have voted overwhelmingly to accept new pension and retirement terms.

Union officials are pressing ministers to clarify ill-health benefits in the new Local Government Pension Scheme ahead of its introduction.

LONDON Underground workers have voted for strike action over plans to change their ill-health pension rights.

INCLUDING: CANADA - Head of active equity investment team appointed; UK - JPMorgan named custodian for ICI fund; UK - New oil ETCs to be launched; SWITZERLAND - Credit Suisse Group announces Q2 results.

Just Retirement sales up

PPF unveils long term risk model; Prudential UK sales fall by a quarter

MILLIONS of pounds a year are wasted on employee benefits packages because staff do not understand them, Oval Financial Services warns.