Regions

William M Mercer has been appointed by the Kentucky Public Employees Deferred Compensation Authority for the $260m stable value component of its Section 457 and 401(K) voluntary retirement plan.

The Virginia Retirement System has given $50m (£34.9m) to First Reserve IX - a private equity fund.

Baring Asset Management has appointed Percival Stanion as an asset allocation specialist in the strategic policy group.

Tony Watson, Hermes Pensions Management's chief investment officer, has been appointed as non-executive director at Edinburgh Fund Managers.

Fifteen UK teaching associations have set up the Teachers' National Stakeholder Pension Scheme under the Trade Union Congress's (TUC) existing stakeholder plan.

Investment manager Frank Russell has won a £50m global equity mandate from the UK's £350m Express Dairies pension scheme.

The Dutch Europol Pension Fund is expected to reach a decision on investment and administration providers in June.

Companies are at risk of being unable to deliver on increasingly unaffordable pension schemes, according to new chairman of the UK's National Association of Pension Funds (NAPF), Peter Thompson.

UK's Worcestershire County Council Pension Fund has appointed financial services group Scottish Widows as a its additional voluntary contributions (AVC) provider.

The Myners' report faced further criticism when its call for a scheme-specific funding standard was described as "poorly defined" by the Actuarial Profession's Pensions Board.