Global

GLOBAL - High level pension fund professionals from across the globe have urged the Organisation for Economic Cooperation and Development (OECD) to take action to strengthen pension fund governance.

INCLUDING: EUROPE - Pan-European pension for EU researchers; US - Natixis launches HF replicator; NIM acquires pension fund administrator; US - Class action on ERISA breach

GLOBAL - The US$700bn Emergency Economic Stabilization Act, approved by the US Senate last night, fails to address the fundamental economic problems of pension schemes, industry experts have said.

Including: JAPAN - Mitsubishi takes stake in Aberdeen; NORDICS - IAM opens Stockhom office; UK - BNY Mellon appoints head of client relationship; JAPAN - La Salle appoints new client service head; UK - AXA IM strengthens FoHF team; UK - Penfida appoints...

GLOBAL - The pensions industry is struggling to take in the consequences of the US Congress' failure to pass the controversial US$700bn bail-out plan, as markets across the world reacted negatively to the announcement.

Including: US - Congress backs Paulson bail-out plan; UK - Bradford and Bingley nationalised; BENELUX - Governments back Fortis

GLOBAL - What is the difference between US government-sponsored entities Fannie Mae and Freddie Mac and pension funds? The US government will not bail out pension funds.

INCLUDING: EUROPE - EC approves ABP shopping centre investment; UK - Low PPF premium for Lehman; UK - DB Advisors appoints director; AUSTRALIA - Deloitte boosts super practice ; US - PBGC director praises pension transfer

US/UK - The US Bankruptcy Court has rejected objections to an agreement which gave the pension schemes of Sea Containers Limited (SCL) status as substantial creditors.

INCLUDING: CHINA - Pension fund overseas investments hits $2bn mark; UK - Schroders sends pensions administration to Aon; AUSTRALIA - Millennium Global Investments wins active currency overlay mandate; UK - New head of strategy at CAAM; UK - Mercer wins...