US - Pension funds in the US and other institutional investors are losing billions by changing investment managers at the wrong time, research from Boston University has shown.

The Actuarial Profession is "committed" to implementing self-regulation recommendations but is failing in upholding ethical standards, a new report says.

INCLUDING: AUSTRALIA - Qantas superannuation agreement; GLOBAL - Russell Investments appoints CIO; US - CalSTRS launches consultant team search; UK - Investment director joins Paternoster; AUSTRALIA - Milliman opens Sydney office

The requirement for trustees to undertake covenants assessments at regular intervals has been the gre...

US - The California Public Employees' Retirement System (CalPERS) has invested a further $350m (€239m) to its emerging managers programme through direct and fund of fund allocations.

NETHERLANDS - Dutch pension funds received income of €19.6bn from their marketable investments in the first three quarters of 2007, according to De Nederlandsche Bank (DNB).

PROMINENT fund manager and leading proponent of corporate governance Alastair Ross Goobey has died aged 62.

THE International Organisation of Pension Supervisors (IOPS) has released a set of guidelines relating to the risk management of alternative investments by pension funds.

AUSTRALIA - The introduction of superannuation changes last year have mostly benefited those on average or higher incomes, a report from accounting body CPA Australia has revealed.

AUSTRALIA - The government has announced plans to slash lengthy, complex and unreadable disclosure documentation to cut red tape for business, investors and consumers.