The California State Teachers Retirement System is seeking to appoint an independent fiduciary adviser for its $14.7bn (£7.4bn) private equity proactive portfolio.
Pension scheme deficits improved by as much as £38bn over 2007, estimates suggest.
New accounting rules could mean firms will have to recognise larger deficits in their accounts, Pension Capital Strategies warns.
CANADA - A dozen schools have yet to ratify a deal agreed between the Alberta Teacher's Association (ATA) and the provincial government in order to cover a CAN$4.6bn liability in the Teacher's Pension Plan.
A self-invested personal pension which combines the security of an insured product and the scope of trust-based plans has been launched by Merchant Investors.
Unease over the government's latest Pensions Bill - which had its second reading in the Commons this week - continues unabated.
Schemes looking to invest in the US markets should not be put off by the "negative consensus" that the country is heading towards a recession, Principal Global Investors says.
Schemes could be paying too much under the Pension Protection Fund's risk-based levies if details are not up-to-date and accurate, a law firm warns.
US - The Public Safety Personnel Retirement System of Arizona (PSPRS) has appointed BNY Mellon Asset Servicing as custodian.
The credit crunch has helped to underline the security and stability that liability-driven investment strategies give schemes, industry experts claim.