US - Kentucky governor Ernie Fletcher could be forced to call a special session to resolve mounting pension debts after the House and Senate again failed to reach an agreement on pension reform yesterday.

UK - Henderson's Arno Kitts and Linklaters' Ruth Goldman have been elected chairs of the investment and benefits councils respectively at the National Association of Pensions Funds (NAPF).

THE GOVERNMENT is set to be found guilty of failing to regulate Equitable Life properly - a move that could leave it liable to pay billions of pounds in compensation.

UK - JPMorgan has created an international index designed to benchmark and trade longevity risk.

BARNETT Waddingham has purchased of Aon small self-administered schemes (SSAS) consulting and trustee services business.

THE LOCAL Authority Pension Fund Forum has released a guide on assessing investment manager engagement with companies over labour standards in China.

GLOBAL - Fortis Investments increased its assets under management by €16bn, or 15%, over the course of 2006 to end at €121bn.

STATE Street Global Advisors has launched a "130/30" fund for UK institutional investors.

US - Board member Paul Peltier has resigned from the US$10.9bn School Employees Retirement System (SERS) of Ohio.

ABERDEEN Property Investors has hired a seven-strong team from Credit Suisse Asset Management to boost its UK property business.