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.
GLOBAL - Mercer has created a new global CIO role within its growing investment management business.
Principal Global Investors; Russell Investments; BlackRock; Societe Generale Securities Services; Threadneedle; Pyramis Global Advisors
GLOBAL - Assets in the pension funds of OECD countries reached $19.13trn at the end of 2010, up from $19.07trn at the end of 2007, a new OECD report shows.
US - Senior officials at ten pension funds have written a letter urging President Barack Obama and congress to act quickly to raise the debt ceiling and address the budget deficit or face dire consequences.
UK - The number of pension funds retendering their investment consultant services fell sharply in 2010 from a high of 5.2% of funds in 2009 to 3.5% last year, research suggests.
US - George Soros is set to retire from managing money for outside investors after more than 40 years running hedge funds, citing Washington's increased oversight of the once unregulated industry as a primary reason behind his returning external money to investors this year.
UK - Scheme buy-ins reached a record £3bn ($5bn) during the past year but the current low cost "window of opportunity" to transact may be lost when Solvency II kicks in, KPMG said.
US - Veteran hedge fund manager George Soros announced yesterday he will no longer manage other people's money. Global Pensions looks back at his career.
UK - Deborah Fuhr, one of the leading figures in the exchange traded funds industry, will step down from her role as global head of ETF research and implementation strategy at BlackRock.
UK - European default on sovereign debt could cause a 45% spike in defined benefit pension scheme deficits, costing sponsors an extra £190bn ($310bn), pension risk experts warn.
The top stories this week were the High Court's decision to block the £12bn annuity transfer from Prudential to Rothesay Life, and a separate court ruling that 'raises the bar' for pension rectification exercises.
Guaranteed minimum pension (GMP) equalisation has soared to the top of pension schemes' to-do lists, with 58% stating it is a priority project, research from Equiniti has revealed.
Professional Pensions is holding its defined contribution (DC) conference on 4 September.