News

IRELAND/US - State Street Global Advisors (SSgA) is to acquire Bank of Ireland Asset Management (BIAM) in a €57m ($79m) deal.

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 - The New York State Common Retirement Fund (CRF) has committed $300m to US private equity firm Blackstone.

UK - The government has lost its long running court battle over its obligations to fund the BT Pension Scheme deficit should it go bust.

NETHERLANDS - ABP's funding level waxed and waned over the third quarter ending at 94% as daily changes in interest rates caused wild swings in its coverage ratio.

US - CIM Group, a Los Angeles real- estate investment manager, agreed to cut fees it charges the California Public Employees' Retirement System, the biggest U.S. government pension, by $50m, the fund said.

AUSTRALIA - Bi-partisan consensus on superannuation policy must be achieved to give Australian workers confidence in their retirement savings, the Association of Superannuation Funds of Australia (AFSA) said.

GLOBAL - Investment fund assets worldwide increased by 3% to €17.47trn ($24trn) at the end of the second quarter of 2010, research shows.

The government has lost its long running court battle over its obligations to fund the BT Pension Scheme deficit should it go bust.

Market rumours that rival firms were looking to buy Jardine Lloyd Thompson sent shares in the FTSE 250-listed company shooting up from 21p to 602p yesterday.