FRANCE - France's plan to lift its retirement age is a signal to investors about the seriousness of President Nicolas Sarkozy's intention to cut the budget deficit, Finance Minister Christine Lagarde said.
France - The French government faces a wave of strikes and protests from next week after proposing that the country's retirement age should be raised from 60 to 62 by 2018.
FRANCE - French President Nicolas Sarkozy's government said it will raise the retirement age to 62 and increase taxes on capital, seeking to stem losses in the pension system and safeguard the nation's top credit rating.
FRANCE - President Nicolas Sarkozy's party Union pour un Mouvement Populaire (UMP) confirmed its plans to increase retirement age and the years of contribution needed to qualify for a pension in France.
FRANCE - France's Industry Minister Christian Estrosi said the government may raise the country's retirement age beyond 60 as part of a plan to stem the deficit in the nation's pay-as-you-go pension system.
US - The French government is studying a combination of a longer working life and new taxes on high earners to stem losses in the country's pension system.
FRANCE - The Fonds de Réserve pour les Retraites (FRR) gained 2.6% during the first quarter, according to estimated and unaudited data supplied by the fund.
FRANCE - The Fonds de réserve pour les retraites (FRR) has appointed Philippe Aurain as chief investment officer.
EUROPE/FRANCE - The European Commission has told France to change tax rules that penalise foreign pension and investment funds.
FRANCE - President Nicolas Sarkozy has announced that negotiations on pension reform will start in April in a bid to rein in France's ballooning pension deficit.
FRANCE - Investment returns at the Fonds de Réserve pour les Retraites (FRR) are up 15% for 2009 on the back of the strong rebound in the equity markets.
FRANCE - The Fonds de Réserve pour les Retraites (FRR) has selected Goldman Sachs International and Russell Implementation Services as transition managers.
FRANCE - France's reserve fund the Fonds de Réserve (FRR) pour les Retraites has terminated Dexia Asset Management from a socially responsible investment (SRI) mandate due to poor performance.
FRANCE - The Fonds de Réserve pour les Retraites has hired five managers to run a total of around €1.5bn (US$2.1bn) in fixed income mandates.
FRANCE - The Fonds de Réserve pour les Retraites has hired six managers to run a combined €1bn (US$1.5bn) in investment grade credit dominated in euros.
FRANCE - Investment returns are becoming dominated by the emerging markets, Mercer said.
GLOBAL - Lane Clark & Peacock LLP (LCP) has partnered with Spanish consultant Novaster, in a bid to expand its reach in Spain and Latin America.
FRANCE - The Fonds de Réserve pour les Retraites (FRR) has hired six firms to run a combined €4bn (US$5.9bn) in inflation-linked bond mandates.
FRANCE - Investment returns at the Fonds de Réserve pour les Retraites (FRR) are up 12.8% since the start of the year helping to bring its total assets to €31.9bn (US$47.2bn), the pension fund said.
FRANCE - Fonds de Réserve pour les Retraites (FRR) has created an investment strategy committee that will help design, implement and monitor the scheme's asset allocation.
GLOBAL - The average assets to gross domestic product ratio for OECD pension funds dropped from 75.5% of GDP in 2007 to 63.4% in 2008, according to the Organisation for Economic Co-operation and Development.
FRANCE - The French pension fund manager Fonds de Réserve pour les Retraites (FRR) has hired Crédit Agricole Asset Management (CAAM) to run various asset classes when needed.
FRANCE - Jean-Pierre Mustier, a 22-year veteran at Société Générale (SocGen), and head of the firm's asset management and private banking arms, has resigned amid allegations of insider trading.
FRANCE - The Fonds de Réserve pour les Retraites (FRR) posted a decline of its cumulative performance of 6.5% for the first quarter of 2009.