Media group Emap has sold its two largest defined benefit pension schemes to buyout specialist Paternoster.

The London Borough of Islington Pension Fund has awarded BNY Mellon Asset Servicing a £718m global custody mandate.

US - The California Public Employees' Retirement System (CalPERS) has approved guidelines for its engagement with federal lawmakers and regulators on proposals affecting investments.

UK - Sainsbury's two defined benefit (DB) pension schemes posted a year to date surplus of £228m (US$456m) compared to a deficit of £276m at the same time last year.

UK - Hewitt Associates has accused the Pension Regulator of putting trustees under extra pressure in its draft clearance guidance, released yesterday.

ARGENTINA - ING has announced the takeover of Argentine pension fund Origines AFJP and annuity company Origenes Seguros de Retiro in a deal worth US$280m, making ING the largest pension fund manager and the second largest annuity provider in the region....

Print split threatens Westferry pensions; Brighter picture on pensions; Paternoster acquires Emap's two main pensions schemes; Friends Provident chief quits after merger failure

The Raising Standards of Pensions Administration initiative has added four new members to its management board.

FRANCE - The strikes over proposed reforms to the special retirement regimes (‘régimes spéciaux'), which have affected much of France, may soon be at an end.

The Pensions Regulator and the Financial Services Authority have published an overview of the requirements relating to contract-based schemes and the respective regulatory regimes of the two regulators.