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.
US - Mercer is to cease providing investment consulting services to public sector defined benefit schemes in the US.
MSRPS; Aon Hewitt; BlackRock; Principal Global Investors; Lombard Odier
EUROPE - The European Parliament and Council Presidency have been unable to agree on the final text of the Alternative Investment Fund Managers (AIFM) directive.
US - The Segal Company has acquired Aon Consulting's multiemployer defined benefit plan and related consulting business in the US.
UK - The new Aon Hewitt has named Yvan Legris, former president of global consulting at Hewitt Associates, as chief executive of UK, Europe, Middle East and Africa.
Europe - Jean-Pierre Steiner has stepped down from his role as chief executive of Nestlé Capital Advisers.
UK - Investment bank J.P. Morgan has started quoting prices for Consumer Prices Index swaps after the government announced it would change the indexation basis for pension increases from RPI to CPI this summer.
US - Sally Choi, general manager of the 43,000-member Los Angeles City Employees' Retirement System, will leave October. 15 to "pursue other opportunities", the fund said.
UK - The Treasury confirmed the annual allowance will be cut from £255,000 to £50,000 and the lifetime allowance reduced from £1.8m to £1.5m.
GLOBAL - International Corporate Governance Network (ICGN) has launched new guidelines to raise standards of corporate governance worldwide.
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
This week's top stories include the government spending £800,000 on a Gogglebox advert and MPs writing to The Pensions Regulator about its engagement with the Railways Pension Scheme.