Regions

INCLUDING: GLOBAL - PF adding to rising food prices, UK - Pension fund expense rising, UK - Women lose pension, NEW ZEALAND - KiwiSaver embraced, US - TRS add more property

EUROPE - Benefit cuts could be the only way for pension funds to survive Solvency II legislation, according to Allianz Global Investors (AllianzGI).

GLOBAL - Following the implementation of a 130/30 fixed income mandate at CalPERS, the CIO of Baring Asset Management has predicted the growing US trend for short extension funds in bonds will cross the Atlantic.

US - State Street Corporation has promoted Jay Hooley from vice chairman and head of global investment servicing, trading and research businesses to president and chief operating officer.

GLOBAL - Pension schemes could soon rate emerging market fund managers on their attitude to environmental, social and governance (ESG) issues through work by Mercer and the International Finance Group (IFC).

Hefty bonuses for executives of poorly performing companies have angered pension funds which have seen the value of their shares plummet.

INCLUDING: Netherlands - ING IM Europe CIO announced; UK - Pearl Group appoints CEO; CYPRUS - Hewitt boosts Cyprus team

INCLUDING: UK - Global service manager for Northern Trust; AUSTRALIA - ASIC appoints CEO; UK - Linklaters pensions practice expands

ASIA PACIFIC - Mercer has created a role in its Asia Pacific region to provide investment solutions to mega funds.

GLOBAL - Fears Europe is not as decoupled from the US slowdown as once thought may be behind a fall in investor confidence across the continent, according to State Street Global Markets.