Global

GLOBAL - People and process are without doubt more important to pension funds than past performance, confirmed the results of October's Global Pensions 100 Panel.

GLOBAL - The majority of pension funds remain confident on quantitative (quant) management, despite the losses suffered by quant strategies in the wake of August's market turbulence, show the results of the latest Global Pensions 100 Panel.

GLOBAL - Pension funds have been warned that hesitating over alternatives could see them miss out on potential high returns.

GLOBAL - Multi-managers have admitted returns could dip because underlying managers had struggled to perform in the recent market conditions.

GLOBAL - Credit rating agencies have sought to defend their reputations following the losses created by the sub-prime mortgage crisis.

INCLUDING: ASIA-PACIFIC - Watson Wyatt appoints new regional MD; AUSTRALIA - ING's new deputy CEO; GERMANY - New trustee business; US - Online calculator launched;

INCLUDING: JAPAN - Mitsubishi drives into China; ITALY - Central bank wants to increase retirement age; JAPAN - New pension council set up

INCLUDING: AUSTRALIA - Gabriel departs UniSuper; UK - Citizen advice fund deficit worsened; US - PBGC sorts hospital scheme

Including: UK - Hard life for 21st Century trustees; AUSTRALIA - Illiquid assets take risk appreciation; US - NYSTRS head to retire

GLOBAL - Emerging markets' ability to retain profitability through this summer's credit crunch may be partly due to their improved governance, according to industry commentators.