US - Pension funds in Virginia and Florida have become the latest to point a finger at Bank of New York Mellon for overcharging for foreign currency trades and both states filed lawsuits against the bank yesterday.

UK - BlackRock veteran Deborah Fuhr is joining Bank of America Merrill Lynch in London as head of its Global Delta One Strategy, according to a source close to the bank.

POLAND - Superannuation fund-owned infrastructure manager Industry Funds Management (IFM) will increase its market share in the Polish district heating sector to 25% after one of its subsidiaries completes a purchase of Warsaw-owned assets.

LATIN AMERICA - Dutch firm ING Groep has agreed to sell its Latin America pension and life insurance business for €2.7bn ($4bn) to Colombian firm Grupo de Inversiones Suramericana (GRUPOSURA).

Assets in the pension funds of OECD countries reached $19.13trn at the end of 2010, up from $19.07trn (£11.65trn) at the end of 2007, an 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.

US - Institutional investors are bemoaning a US Court of Appeals decision to overturn the Security and Exchange Commission's proxy-access rule, which would have allowed investors to nominate their own candidates for company boards.

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.

Principal Global Investors; Russell Investments; BlackRock; Societe Generale Securities Services; Threadneedle; Pyramis Global Advisors

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.