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.
Northern Trust, AP3, Permal, LGIM, JP Morgan Asset Management, BlackRock
Prudential completes first longevity insurance deal with UK firm
US/UK - Prudential Retirement has completed its first longevity reinsurance transaction with UK-based Rothesay Life.
Institutions take up to a year to change managers - Mellon
GLOBAL - Institutional investors are taking far longer to change investment managers or asset allocations than they did before the 2008 financial crisis, research by Mellon Transition Management (MTM) suggests.
LCP opens Abu Dhabi office
UK/UAE - UK-based pensions and investment consultant LCP has opened an office in Abu Dhabi in a bid to meet increasing demand for advice in the region.
New York Life launches near-term LDI strategy
New York Life Investments has launched the Guaranteed Interest Pension Account (GPA) to help corporate plans better manage their near-term liabilities.
ESG at heart of market upsets of past 10 years - conference
GLOBAL - Implementing a responsible investment strategy need not be at the expense of strong returns and can actually help pension funds make better investment choices, Swedish pension funds heard.
Super funds to increase ETF use - SSgA
AUSTRALIA - State Street Global Advisors (SSgA) expect that exchange traded funds (ETFs) will continue to grow in popularity with Australian institutional investors as they come to grips with new legislation stemming from the Cooper Review.
Russell: ETF industry should focus on institutions
AUSTRALIA - The ETF industry must focus on meeting the growing needs of institutional investors, Russell Investments believes.
USS: Hedge fund governance needs ‘significant' improvement
UK - The standard of governance within the hedge fund industry is exposing schemes to high risks and needs significant improvements, the £30bn ($49bn) Universities Superannuation Scheme says.
Mercer acquires US investment consultant
US - Mercer Investment Consulting has acquired investment consultancy Evaluation Associates from Milliman for an undisclosed sum.
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.