UK - The Dairy Crest Group Pension Fund has purchased a £150m (US$231m) bulk annuity policy from Legal & General Assurance Society.

FRANCE - State pension fund Fonds de Réserve pour les Retraites (FRR) has selected EIRIS to provide extra-financial risk analysis services for its €34bn (US$54bn) global equity portfolio.

NORWAY - Norges Bank Investment Management (NBIM) has filed a lawsuit in the US to try to block a vote next week on the takeover of Constellation Energy Group.

GLOBAL - The US Securities and Exchange Commission missed repeated opportunities to discover what may be the largest financial fraud in history, its chairman says.

Are you great at spending money, but less experienced when it comes to saving? Don't worry - you're not alone. So what things should you consider when it comes to deciding where to put your money?

FOUR in ten workers fear their pensions provision will not be sufficient for a comfortable retirement, research by JLT Benefit Solutions shows.

Darling to write off £100m in pension plunder; Firm at centre of storm has been paying public sector pensions for over 170 years; Pension Insurance buys Thorn employee fund

Around 95,000 retired public sector workers have been overpaid £126m by several administrators including Xafinity Paymaster over three decades.

US - The New Jersey Senate delayed deciding whether to allow all 566 municipalities to delay US$540m in payments to the state pension system amid the economic slowdown and slowing tax receipts.

EUROPE - The New Year will herald in an investment environment radically different to the past two decades, consultant Watson Wyatt warns.