News

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 California State Teachers' Retirement System (CalSTRS) withdrew 21 of 28 shareholder proposals filed during the 2010 proxy season after successfully engaging companies to make corporate governance changes.

US - CalSTRS and CalPERS have jointly filed a law suit claiming the California governor violated the state constitution when he put in place a three day per month furlough and wage cuts.

CANADA/AUSTRALIA - The Canada Pension Plan Investment Board is to buy Intoll Group for A$3.44bn ($3bn) after increasing its initial offer for the Australian toll road operator.

IRELAND/US - State Street, the world's second-biggest money manager for institutions, is in talks to purchase Bank of Ireland's asset-management business, according to three people familiar with the matter.

The Confederation of British Industry will back proposals to adopt an annual allowance in its response to the Treasury consultation on higher rate tax relief, PP can reveal.

UK - The London Pensions Fund Authority is considering teaming up with other schemes to help improve its shareholder engagement in emerging markets.

Royal London group chief executive Mike Yardley is planning to step down to focus on helping the industry tackle future challenges.

UK - Royal London group chief executive Mike Yardley is planning to step down to focus on helping the industry tackle future challenges.

Santander UK has suffered a near 50% increase in its total defined benefit scheme deficit in the first six months of this year, half year results reveal.