FRANCE - Alcatel-Lucent reported a pension and other post employment benefit (OPEB) deficit of €1.2bn ($1.7bn) in the third quarter down from an overfunding of €49m at the end of June.
FRANCE - The Fonds de reserve pour les retraites' funding ratio fell to 132%, dropping 11 percentage points from June's value due to decreasing interest rates on 10-year bonds.
FRANCE - Global sovereign wealth funds with over $9trn in assets are meeting to discuss ways to boost global economic growth, including the potential use of new financial instruments like "loyalty shares" or "capital access bonds".
FRANCE - Natixis Global Asset Management (NGAM) has acquired a controlling interest in investment advisory firm Darius Capital Partners.
FRANCE - The Fonds de reserve pour les retraites said it is 143% funded, more than enough needed to fund its liabilities through to 2024 as mandated by the government.
FRANCE - Alcatel-Lucent made a cash contribution of €42m ($60m) to its worldwide pension funds in Q1, the company's quarterly financial statement shows.
FRANCE - The €37bn ($51bn) Fonds de reserve pour les retraites said today it would implement a liability driven investment strategy after receiving a clear picture of its liabilities from the government last year.
FRANCE - Antoine de Salins, executive director at Fonds de réserve pour les retraites (FRR), has left to join Groupama Asset Management (AM) as chief investment officer.
FRANCE - Fonds de reserve pour les retraites (FRR) has put a series of fixed income mandates out to tender.
FRANCE/NETHERLANDS - Dutch pension fund manager PGGM is researching ways it can transfer longevity risk off its balance sheet, managing director Erik Goris said.
FRANCE - Dutch regulations are "killing" pension funds by using a discount rate that forces them to de-risk, said Anton van Nunen, director of Van Nunen & Partners.
FRANCE - Improving companies through corporate governance will remain "a fantasy" until pension trustees better align their managers' incentives, said Mark Fawcett, chief investment officer at the UK's National Employment Savings Trust.
FRANCE - The Organisation for Economic Co-operation and Development (OECD) plans to start its research on managing longevity risk in January, and could propose governments issue life expectancy indexes.
FRANCE - The Fonds de réserve pour les retraites (FRR) has fired BlackRock from a €478m ($651m) US small-cap equity portfolio, taking 87% of the assets the firm runs in the strategy.
FRANCE - Alcatel-Lucent's deficit for its pension and other post employment benefits (OPEB) dropped by nearly 22% to €1.41bn ($1.92bn) over the third quarter.
FRANCE - Train services were disrupted and flights canceled after French unions called for a fifth, and some said final, strike today against President Nicolas Sarkozy's pension bill, passed by parliament.
FRANCE - Fonds de reserve pour les retraites (FRR) has put its currency overly mandate out to tender.
FRANCE - Le Fonds de Reserve pour les Retraites (FRR) has signed up to the Emerging Markets Disclosure Project (EMDP) to help promote transparency in developing markets.
FRANCE - President Nicolas Sarkozy has announced plans to amend France's pension reform to prevent parents who interrupt their careers to raise children from being penalised.
FRANCE - A bid by French president Nicolas Sarkozy to raise the official retirement age from 60 to 62 by 2018 has been approved by the lower house of parliament.
FRANCE - French President Nicolas Sarkozy agreed to modify his bill to overhaul the pension system in response to strikes and demonstrations by workers, though he won't retreat on raising the retirement age.
KOREA/FRANCE - Hammerson has agreed to sell 51% of its interest in a Paris shopping centre to the National Pension Service of Korea (NPS) for €217m ($278m).
FRANCE - The Fonds de Réserve Pour les Retraites was down 4.2% in the second quarter, reversing gains in the first three months of the year.
FRANCE - The Funds De Reserve Pour Les Retraites (FRR) has terminated a mandate run by Nicholas Applegate Capital Management (NACM) following poor investment performance.