North America

US - State Street plans to cut 1,400 employees, or 5% of its total workforce, with staff in North America taking the brunt of the cull.

UK/US/CANADA - The Pensions Regulator is expected to argue in the High Court today that a liability that flows from a financial support direction should be treated as an administration expense.

CANADA/NETHERLANDS - The Canada Pension Plan Investment Board and APG have teamed up to buy a 50% in a Westfield Stratford City in London.

US - New York City may reduce the assumed return on its $100.5 billion of pension investments from the current 8% rate, Comptroller John Liu said.

AUSTRALIA/CANADA - Intoll shareholders have voted in favour of the company's A$3.5bn ($3.1bn) acquisition by the Canada Pension Plan Investment Board (CPPIB).

US - Contractors seeking business from the California Public Employees' Retirement System will have to disclose whether or not they used an agent, the pension fund said.

CANADA - The Caisse de dépôt et placement du Québec has appointed Oliver Fratzscher as strategic advisor to the chief investment officer and the president and chief executive officer.

CANADA - Ottawa's unfunded pension obligations are C$65bn ($64bn) higher than previously calculated, a report shows.

CANADA - The Canada Pension Plan reported a 6.6% return on its investments in Q2 on the back of strong performance by global equities.

US - The funding pressures felt by US plan sponsors as a result of low interest rates will likely continue until at least late 2011 on the back of the next round of quantitative easing, Mercer said.