UK - Barclays Global Investors (BGI) was dropped from two mandates by the Clwyd Pension Fund.

Sea Containers faces having to pay £91m pension fund shortfall; Big hedge funds look at a code of practice; God's work is an expensive enterprise; Forget the dream of retiring early if you are 40

THE PENSIONS REGULATOR has published determination notices indicating the intention to issue its first financial support direction to Sea Containers.

TRUSTEES of the Boots Pension Scheme have finally thrashed out an agreement on funding and security with the company's new private equity owners Kohlberg Kravis Roberts.

US - The California Public Employees' Retirement System (CalPERS) has doubled its allocations to corporate governance and hedge funds, each from $5bn to more than $10bn.

INCLUDING: EUROPE - ING buy Turkish bank, ASIA - Philippine SSS sells San Miguel, EUROPE - Stenham FuM reaches US$2bn

UK - AXA Rosenberg has scooped a £345m (US$684m) mandate from The Pensions Trust.

THE ROYAL Borough of Kensington and Chelsea has outsourced its pensions administration to Capita Hartshead in a deal worth nearly £200,000.

US - The California Public Employees' Retirement System (CalPERS) has called for the resignation of CVS/Corporation director Roger Headrick.

THE £2.2BN Cheshire County Council Pension Fund has gone out to tender for a fund manager to run a £330m active bond brief.