US - The US$450m set aside to pay the Metropolitan Transportation Authority (MTA) unfunded pension liabilities was never actually transferred and the MTA lost out on possible savings of $42m, according to New York state comptroller Alan Hevesi.

UK - Societe General Asset Management is to launch a UK-domiciled "equities global alpha" fund next month aimed specifically at small to medium-sized UK pension funds.

US - A spokesperson for the US$207bn California Public Employees' Retirement System has told Global Pensions any investment in China would most likely be drawn from its passive index fund investments.

MALTA - The provisions of the pensions reform bill have been moved into committee stage, with 29 votes in favour and 25 against.

TV and radio presenter Jeremy Vine will host this year's Pension Scheme of the Year Awards.

Going global or just Euro? As the infrastructure market accelerates more investment houses are sur...

Recruitment specialist Sammons Pensions and Professional Pensions have teamed up to carry out the industry's largest salary survey.

US - Marsh & McLennan Companies (MMC) has appointed M. Michele Burns as chairman and CEO of its subsidiary, Mercer Human Resource Consulting.

ITALY - A memorandum of understanding between the government and trade unions is due to be signed ensuring pensions will not be included in the budget for 2007.

Life and pension product distribution is threatened by high commission costs, accounting giant Deloitte warns.