Current market turbulence will put final salary pension schemes renewed pressure from sponsors who are "reluctant" to underwrite such volatile liabilities, Hargreaves Lansdown says.

Schemes with liability-driven investment strategies constructed using Lehman Brothers swaps and derivatives will face significant upheaval, industry experts say.

UK - The £550m (US$1bn) London Borough of Croydon pension fund has placed four separate mandates worth up to £500m out to tender, representing an almost entire restructuring of its portfolio.

UK - Local authority pension funds' non-participation in US securities class actions resulted in over £200m ($365m) being left on the table, according to GOAL Group.

US - Spector Roseman & Kodroff has appointed former Cohen, Milstein, Hausfeld & Toll partner Mark S. Willis to head its new Washington, DC office.

GLOBAL - A global network has been created to bring together institutional investors and academics in a bid to advance responsible investment.

DENMARK - The DKK55bn (US$10.6bn) Danish insurer SEB Pension has announced it will keep its high exposure to fixed income and alternative investments unchanged this year, despite posting negative returns on these asset classes for the first half of 2008,...

UK - Schemes with liability-driven investment strategies constructed using Lehman Brothers swaps and derivatives will face significant upheaval, industry experts say.

ITALY/US - Continuing uncertainty over the international impact of the collapse of Lehman Brothers has forced the Italian pension fund regulator and Texas Teachers Retirement System (TRS) to clarify their positions on the defunct bank.

International securities lawyer Mark Willis has joined American legal firm Spector Roseman & Kodroff.