News

US - The $22bn Employees Retirement System of Texas (ERS) has selected Deutsche Bank as its new securities lending provider, replacing JP Morgan Chase.

FRANCE - Alcatel-Lucent reported a pension and other post employment benefit (OPEB) deficit of €1.2bn ($1.7bn) in the third quarter down from an overfunding of €49m at the end of June.

UK - Schemes looking to maximise returns in a low interest rate environment must work closely with investment banks to boost member outcomes, Barclays chief executive Bob Diamond says.

US - The aggregate funded ratio in S&P 1500 pension plans increased to 75% in October from 72% in September, though much of the gain was wiped out at the beginning of this month, figures from Mercer show.

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.

Government plans to include pension contributions when calculating workers' entitlement to tax credits risks undermining the key aims of auto-enrolment, argue Labour peers.

Stephenson Harwood has expanded its pension team with the appointment as Fraser Sparks as partner.

Schemes looking to maximise returns in a low interest rate environment must work closely with investment banks to boost member outcomes, Barclays chief executive Bob Diamond says.

PP is holding the 2nd Professional Pensions Academy on Wednesday 16 November to help boost trustee investment knowledge.

There are just a few hours left to cast your vote to decide the best overall entry in this year's Art of Pensions 2011.