North America

CANADA - Canadian defined benefit (DB) pension funds will struggle to meet future obligations to members, according to a survey by RBC Dexia Investor Services.

US - The American International Group (AIG) has renamed its asset management and investment advisory group, which is currently being spun off, PineBridge Investments.

CANADA - Canada's three largest pension funds have endorsed a new action plan to help Toronto evolve into a global hub for the retirement financial sector.

GLOBAL - More than half of pension funds in Europe and the Americas have implemented some sort of liability driven investment (LDI) strategy in their portfolios, a poll by fiduciary manager SEI found.

US - Institutional investors in the US could move some US$300bn to $500bn from US large-cap strategies in the next three to five years, a survey by Bank of America Merrill Lynch showed.

CANADA - Caisse de dépôt et placement du Québec plans to issue C$8bn (US$7.6bn) worth of bonds in Canada, the US and Europe by the end of 2010 as part of a refinancing plan.

CANADA - The Canada Pension Plan Fund reported a 4.6% return in the quarter ending September 30, and a C$7.2bn (US$6.8bn) jump in assets.

AUSTRALIA/CANADA - Transurban Group, Australia's biggest toll road operator, rejected an unsolicited A$6.8bn ($6.2bn) takeover offer from Canada Pension Plan Investment Board and Ontario Teachers' Pension Plan, Bloomberg News reported.

CANADA - The C$2.2bn (US$2.03bn) Saskatchewan Teachers' Federation has hired State Street to provide custody, fund accounting and securities lending services.

It has taken the worst financial crisis in decades, but policymakers are finally taking a long, hard look at exactly what they've offered retirees.