GLOBAL - The eighth ICMB/CERP Geneva Report on the world economy called for the development of hybrid pension schemes that would allow members to shift from DC to DB as they grew older.

UK - European property fund manager Cordea Savills has appointed Patrick Carr director of UK Residential.

At Home With Capita Hartshead

LEICESTER County Council says it plans to appoint a targeted or absolute return manager to oversee a £100m brief for its £1.9bn pension fund.

EUROPE - Allianz Global Investors has launched a range of five funds specifically designed for pan-European investors, covering Europe, US, Japan and emerging markets.

EUROPE - Mercer Global Investments (MGI), the multi-manager business of Mercer Human Resource Consulting, has launched in Europe and already has more than US$500m of assets under management.

Pensions watchdog to tackle firms that shift liabilities; PPF set to invest in derivatives; A-Day changes criticised by providers; Deloitte warning on deficits

MERCER GLOBAL Investments has formally launched its European business - and announced that it has already gathered over $500m (£267m) in assets under management.

A QUARTER of UK firms will struggle to pay off their pension deficit over the next 10 years, Deloitte says.

US - The US$14.7bn San Francisco Employees Retirement System (SFERS) has tendered for investment risk management consulting services.