HSBC risks trustee clash over pension changes; St James's aided by new pensions; Expat pensioners lose £160 a month as sterling slumps; Obama effect fails to rouse the markets

FINLAND - The €5.3bn (US$6.8bn) Finnish insurer Etera has reduced the share of its equity investments amid market turmoil, MandateWire reports.

UK - Executive pay must still be aligned to shareholder value and needs to attract and retain employees in the face of global financial turmoil, Deloitte has warned.

UK - Pension Corporation has launched its 'Pensions Tomorrow' initiative, in association with the London School of Economics (LSE).

GLOBAL - The pension fund members of the Global Pensions 100 Panel are divided on the issue of whether it is right for government bodies to use public pension fund assets to provide emergency liquidity to stricken financial institutions.

GLOBAL - A guide for institutional hedge fund investors has been launched today by the Alternative Investment Management Association (AIMA).

NETHERLANDS - Institutional investors in the Netherlands expect climate change to generate key business opportunities in areas such as emissions trading and low carbon solutions.

US - The dollar gained against the euro on speculation Barack Obama's sweeping victory in the US presidential election will help him push through policies needed to revive the world's biggest economy.

US - The whole concept of risk sharing in private pension plans requires an urgent rethink to stave off disaster, a research brief by the Centre for Retirement Research (CRR) at Boston has argued.

GLOBAL - An indisputable majority of pension funds have claimed diversification into alternatives has protected them in the ongoing financial crisis, the results of the latest Global Pensions 100 Panel have shown.