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

EUROPE/US - US law firm Schiffrin & Barroway has joined forces with the German firm Winheller Attorneys at Law to provide class action services for institutional investors in Germany, Austria and Switzerland.

UK - Legal & General senior actuary Joseph Lu has joined competitor Synesis Life as a senior manager.

UK - The Pensions Regulator will be launching an investigation next year into proposed vehicles that could allow employers to abandon their occupational pension schemes.

THE PENSION Protection Fund has updated its statement of investment principles setting out how it will invest levy payments and the money it receives from schemes.

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

At Home With Capita Hartshead

EUROPE/US - US law firm Schiffrin & Barroway has joined forces with the German firm Winheller Attorneys at Law to provide class action services for institutional investors in Germany, Austria and Switzerland.

Technical and electrical problems at Professional Pensions last week have now been resolved.

UK/US - Pension schemes in the UK, many with high exposure to gambling stocks, were among those burnt by the legislation passed recently by US Congress banning internet gambling.