Global

Svein Gjedrem, the governor of Norway's central bank, has suggested that revenues from the government's petroleum fund could be used to ease the burden on the Norwegian state pension system.

Montreal's city employees pension fund will name its new alternative investment manager.

Germany's Bundesrat, or upper house of parliament, soundly rejected the Schröder government's bill aimed at shoring up the country's ailing pay-as-you-go pension system.

The University of California Retirement Plan will choose a new investment consultant on March 14.

The California Public Employees Retirement System (CalPERS), the world's largest pension fund, is considering a $122m package to buy Chase's stake in Sports Capital Partners (SCP), a venture which invests in sports and entertainment businesses.

ABN AMRO Mellon Global Securities Services has been appointed as the global custodian for the £1.36bn Hertfordshire County Council pension fund, beating previous custodians The Bank of New York and Schroders in the process.

Greenalls Group pension fund has awarded Merrill Lynch a £50m corporate bond mandate.

The pension fund for one of the UK's largest retailers, J Sainsbury, has joined the growing list of funds reviewing Equitable Life as its additional voluntary contributions (AVC) provider.

The California Public Employees Retirement System (CalPERS) is planning to establish a pool of firms to provide services for its alternative investments program.

Manulife, a financial services provider, has become the latest organisation to claim to have reached its Hong Kong Mandatory Provident Fund (MPF) market target share of 15%, despite fierce competition among MPF providers.