Trustees of the Ahlstrom Chirnside pension scheme have appointed Xafinity Consulting to provide actuarial, pensions administration, investment and consultancy services.

The Pension Protection Fund is looking to appoint up to five investment managers to oversee its global equity allocation.

UK - The £1.7bn (US$3.34bn) Pension Protection Fund (PPF) has said it is looking for a panel of investment managers to oversee its global equity strategy.

GLOBAL - The volatility in global equity markets will test transition managers' trading capabilities, shaking out the good managers from the lucky managers, according to Mercer Sentinel Group.

US - The California State Teachers' Retirement System (CalSTRS) has announced it is looking for an accounting consultant team.

US - An amendment to legislation which would waiver the 10% early withdrawal penalty for US homeowners who use retirement savings to avoid foreclosure will still be pursued, the office of US Senator Bill Nelson confirmed to Global Pensions.

SOUTH KOREA - The National Pension Service, the world's fifth largest pension fund with US$200bn in assets, has said it is in talks with a couple of foreign banks over stake purchases and will also buy as much as 9trn Korean Won (KRW) ($8.9bn) of South...

ROMANIA - Fondul Proprietatea has announced a list of investment managers hoping to take part in the management of the scheme.

AUSTRALIA - Senator Nick Sherry, minister for superannuation and corporate governance, is to deliver a keynote address at the Global Pensions Westpac Institutional Bank Sydney Currency Forum.

US - Pension fund investment consultants risk being sued for failing to consider strategies which only later became common if a lawsuit against Mercer gains traction.