US- Tony Kao has stepped into the role of chief investment officer at General Motors Asset Management, spokeswoman Julie Gibson confirmed.

THE search is now under way for the Pensions Personality of the Year 2009 - and once again we are asking you, our readers, to nominate candidates for the accolade.

EUROPE- Deutsche Bank plans to expand into the nascent Asian ETF business after strong European growth in its two-year old offerings.

UK - Merseyside Pension Fund has provided 50% of the £30m (US$43.5m) seed funding for the Nomura RAFI global all country equity fund.

Equitable Life victims face further delays; Man Group to sue all involved in Bernard Madoff scandal; Half of private equity profits stem from debt, study finds; $150bn withdrawn from hedge funds

THE government should take advantage of low yields and issue special pension gilts, Ros Altmann has urged.

US - Current economic conditions have 83% Americans worried about their ability to retire, a survey by the National Institute on Retirement Security (NIRS) has revealed.

SWITZERLAND - The sponsors of the CHF1.09bn (US$0.96bn) Caisse de Pensions de la Commune de Lausanne (CPCL) should inject CHF350m into the heavily underfunded scheme, according to a proposal put forward by the local government.

Trustees of the £1bn Asda Group Pension Scheme have appointed Cardano to manage the relationship between assets and liabilities for part of the fund.

Compensation for Equitable Life policyholders is expected to be confirmed by the government tomorrow.