Credit Suisse has announced a number of new hires in its transition management business, as it attempts to re-build its reputation following the departure of key members of its European team last year.

The government is considering plans to increase Local Government Pension Scheme contributions for higher earners and change solvency requirements.

Proposed updates to global investment performance standards are too prescriptive and fail to recognise attempts to converge accounting practice, the UK Investment Performance Committee warns.

US - Pacific Corporate Group Holdings (PCG) has agreed to return US$2m to the New York State Common Retirement Fund (CRF) to resolve its role in the ongoing state investigation on corruption related to the CRF.

The Pensions Advisory Service has dealt with 10% more complaints in the past 12 months, however, queries concerning occupational schemes have dropped by 2%.

Government opposition to the introduction of "middle way" pension schemes has contributed to the recent spate of scheme closures, the Association of Consulting Actuaries says.

The trustees of the Massey Ferguson Works Pension Scheme have appointed Watson Wyatt to provide administration, accounting, pensioner payroll and trustee secretarial services.

GLOBAL - Law firms representing pension funds and other investors are targeting investment consultants and national authorities for their clients' losses in the Madoff scheme following the financier's conviction this week.

Pension funds could be in a different position to retail investors in lawsuits related to the Madoff case, a lawyer claims.

GLOBAL - The worldwide private equity sector has raised US$76.2bn from pension funds and other institutional investors in the second quarter of this year, according to data by Preqin.