The Association of Consulting Actuaries has elected Keith Barton as its new chairman.

FRANCE - ERAFP, the French public service additional scheme, has announced it is to tender €1.2bn (US$1.88bn) of international equities and investment grade Euro denominated bonds over the next three years.

US - The State of Illinois Teachers' Retirement System (TRS) has expanded its US$500m emerging managers programme to include private equity, real estate, and absolute return investment management firms.

INCLUDING: EUROPE - BNP completes first Eastern European deals; CANADA - CPP totals CAN$122.7bn; ASIA - Threadneedle opens Asian office

Scottish Widows has given 'allegedly negligent advice' to around a hundred final salary pension schemes, Actuarial Review Company claims.

Trustees should consider compliance with the T-Charter becoming a requirement within all transition management agreements, the National Association of Pension Funds says.

NORWAY - The NOK3.4bn (US$0.68bn) Aker Pensjonskasse has been forced to halt its plans for further investment in alternatives following the introduction of the Norwegian pension law earlier this year, according to MandateWire.

The "Sex and the City generation" is shirking financial responsibility, Friends Provident claims.

UK - The Accounting Standards Board (ASB) faced a wall of opposition from the pensions industry at a public meeting to discuss its proposals to overhaul the way pension fund assets and liabilities are calculated and reported.

UK - Scottish Widows has claimed it has had no contact with the company accusing it of giving negligent advice to around a hundred final salary pension schemes.