PRINCIPAL Global Investors has moved its European headquarters to London as part of its ongoing expansion programme.

THE Pensions Advisory Service is looking to expand its role to work more closely with trustees and employers, the new chairman had said.

UK - Three times more pension schemes are using derivatives to hedge their liabilities compared to last year, found a survey by Mercer Human Resource Consulting and the Association of Corporate Treasurers.

TWO more council pension schemes have joined the Local Authority Pension Fund Forum - taking its membership to 42 funds.

DENMARK - Laerernes Pension has dropped PIMCO from an emerging markets debt mandate worth US$70m and instead awarded the allocation to Boston-based Wellington Management.

AUSTRALIA - Five million superannuation accounts are still lost despite efforts from the Australian Tax Office (ATO), according to new figures.

THREE in ten of the UK's largest 200 pension schemes remain in surplus despite market falls last week, latest research by Aon Consulting reveals.

UK - Norfolk County pension fund has issued a tender to run an active currency mandate for assets worth up to £100m.

CANADA - The Canada Pension Plan Investment Board has reportedly agreed to pay C$17.5m for a 10% stake in a new stock trading system that will compete with TSX Group Inc.'s Toronto Stock Exchange.

Mis-selling fears over new pensions; Resolution will alter Friends merger if blocked by Pearl; Partners to get marriage-style financial rights; ABN stops backing Barclays merger bid