Regions

INCLUDING - AUSTRALIA - Super funds told to diversify; US - Engineers gear up to sue CalPERS; UK - Scots in dark about retirement

CHANNEL ISLANDS - The £1.1bn (US$2bn) States of Jersey Public Employees Contributory Retirement Scheme (PECRS) has made a maiden property investment worth around £14m with an undisclosed manager, according to MandateWire.

EUROPE - ING has posted an underlying net profit of €1.9m (US$2.8m), down 28.8% on the same period last year, its second quarter results reveal.

GLOBAL - Pension funds make up the highest proportion of investors in unlisted infrastructure funds, a study by Private Equity Intelligence (Preqin) has shown.

US/UK - The US$420bn Teachers Insurance & Annuity Association-College Retirement Equities fund (TIAA-CREF) has launched its first overseas office in London.

US - Global pension fund deficits improved over last year thanks largely to movements in international corporate bond markets caused by the credit crunch, according to the research by actuaries Lane Clark & Peacock (LCP).

EUROPE - Regulation subjecting pension funds to international accountancy and solvency rules has been attacked as 'short sighted' by the president of the Belgian Association of Pension Funds (ABIP-BVPI).

INCLUDING: CHINA - New Star appoints associate director; UK - HSBC renews mandate with Carmarthenshire; GLOBAL - IASB publishes amendments proposals; UK - BNY sole custodian to Co-operative Group; UK - PMI supports regulator's proposals on record keeping....

US/JAMAICA - The US$10.8bn Public Employees Retirement System of Idaho (PERSI) has signed a US$40m deal in partnership with the Koll Company to take over a California business park.

UK - Mercer appointments; NAPF launches FD PensionsConnection; Davenport appoints BlueBay