Regions

EUROPE - Improvements in pension funding levels are giving European plan sponsors the opportunity to experiment with new strategies to reduce their portfolios' risk profiles and link assets with liabilities, according to Greenwich Associates.

ISRAEL - Credit Suisse has announced the opening of a dedicated office in Israel to provide a wide range of financial services for clients in the region, including asset management and investment banking.

Including: UK - Ashcroft quits regulator; NORWAY - Ernst & Young auditing award; UK - Aon chairman steps down after 12 years; UK - SPA launches multi-currency ETF trading; UK - Punter Southall appoints new principal

Mercer has set up an office in Dubai, to serve as its Middle East operations hub.

EUROPE - The European Commission is to investigate whether the UK government's guarantee of BT Group pension liabilities is a violation of EU Treaty state aid rules.

INCLUDING: US - PBGC names chief financial officer; UK - Mercer reveals new approach to pensions and savings; UK - Resolution reports record sales

GLOBAL - A study on the prevalence of the integration of environmental, social and corporate governance (ESG) factors in emerging market investments has been commissioned by the International Finance Corporation (IFC), the private sector branch of the...

US - The California Public Employees Retirement System (CalPERS) has mooted a radical restructuring of its public equities allocations, with a greater emphasis on international equities.

GLOBAL - The International Organisation of Pension Supervisors (IOPS) has elected Ross Jones, deputy chairman of the Australian Prudential Regulation Authority, as president.

INCLUDING: UK - LCP offers guide to scheme buyouts; AUSTRALIA - Watson Wyatt strengthens global manager research team; UK - Watson Wyatt appoints sustainability manager; US - 401(k) participation driven by automatic enrolment; UK - Punter Southall appoints...