US - California State Teachers' Retirement System (CalSTRS) has teamed up with the Panattoni Development Company to form a $1.15bn equity joint venture to seek industrial and commercial real estate opportunities.

SLOVENIA - The Slovenian government wants to prevent a referendum on a pension overhaul increasing the retirement age for workers as the country struggles to cut public spending.

AUSTRALIA/US - The superannuation industry has called on the US Government to make Australian funds exempt from tough proposals to combat tax evasion.

The European Insurance and Occupational Pensions Authority held its first meeting today, confirming the membership of its newly elected management board.

EUROPE - The European Insurance and Occupational Pensions Authority (EIOPA) held its first meeting today, confirming the membership of its newly elected Management Board.

US - New Jersey Senate President Stephen Sweeney proposed ending automatic pension raises for employees and attempting to make current workers pay more to preserve a 9% benefits increase enacted in 2001.

US - A coalition of seven public pension systems has called on the boards of major US banks to immediately undertake independent examinations of the banks' mortgage and foreclosure practices.

GLOBAL - International investors have accused Fortis NV of providing misleading information about the company in the run up to its collapse.

SPAIN - Spanish Labor Minister Valeriano Gomez is set to meet with union leaders today to negotiate an overhaul of the pension system as the Socialist government seeks to avoid a second general strike.

US - The Securities and Exchange Commission is understood to be investigating whether the state of California violated securities laws by failing to disclose the risks attached to the California Public Employees Retirement System (CalPERS).