GLOBAL - As investment volatility continues to play havoc with pension fund values scheme managers are bracing themselves for a deluge of calls from investors wanting more information about their fund's performance.

The Personal Accounts Delivery Authority has appointed Helen Dean to its board as its policy and product development director.

UK - Former Credit Suisse head of transition management Graham Dixon has been appointed as a director at manager evaluation firm Inalytics.

US - California state comptroller John Chiang has warned that the state cannot depend on surpluses from CalPERS to help shore up the state's health and dental liabilities for retired workers.

UK - Brevan Howard Asset Management has launched its first UCITS III fund, the Brevan Howard Absolute Return Bond Plus Fund, targeted at pension funds and other institutional investors.

The Pensions Regulator's material detriment test has strayed too far from its intended objectives and risks increasing scheme costs and restricting corporate transactions, Mercer warns.

FAILURE to promote the open market option is costing pensioners around £1.4bn a year and leaving advisers and insurers exposed to mis-selling claims, Rockingham Retirement warns.

US - The average institutional plan, including corporate, public and foundation schemes, posted end of year losses of around 25%, according to a survey by Mercer.

Brevan Howard Asset Management has launched its first UCITS III fund, the Brevan Howard Absolute Return Bond Plus Fund, targeted at pension funds and other institutional investors.

Former Credit Suisse head of transition management Graham Dixon has been appointed as a director at manager evaluation firm Inalytics.