GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven days.
AP3; BlackRock;Hermes; State Street; FundQuest; Schroders; SVM; First State
IRELAND - Allied Irish Banks (AIB) has invested €12m ($16m) of pension scheme assets into a special purpose vehicle set up to recover toxic debt.
US - The South Carolina public pension fund's plan to create a company to manage private-equity assets should be held up pending legislative and administrative review, according to a spokesman for state Treasurer Converse Chellis.
EUROPE - Nearly half of all European pension funds are imprecisely modelling their liability hedging portfolios, a new survey by EDHEC-Risk Institute finds.
US - Marsh & McLennan, Mercer's parent company, has agreed to pay $4.75m to settle a suit brought by the Ohio attorney general alleging the firm conspired to eliminate competition in the commercial casualty insurance industry.
SWEDEN - Sweden's AP3 fund is to adopt a new organisational structure in order to improve risk management.
US - The New York State Common Retirement Fund has published research investigating the impact of adopting a fixed income only investment strategy.
US - Moody's Investor Services downgraded both Illinois and New Jersey's general obligation bonds following concerns over unfunded pension liabilities.
UK - The Pensions Ombudsman and the Pensions Protection Fund Ombudsman could be merged with The Pensions Regulator, a leaked Cabinet Office document suggests.
GLOBAL - Platinum and palladium will become more important investments for pension funds, said Shayne McGuire, director of global research at the Teacher Retirement System of Texas.
This week's top stories included Legal & General acquiring MyFutureNow to provide a dashboard service to customers, while also agreeing a hybrid buy-in with a Hitachi scheme.
NEST has signed up to the government-backed Star Initiative, taking all of its 8 million members' pension pots with it.
It is perhaps inherently difficult to find an agreed definition of value for money, but some methodologies could act as a stopgap, argues Jonathan Stapleton.