Europe

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UK - The Pension Protection Fund will modify how it calculates investment and insolvency risk to ensure a "stable and more predictable" levy for schemes, its chief executive says.

GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven days.

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.

EUROPE - Sovereign bondholders will be relegated down creditor lists if European policymakers push through plans for a bailout mechanism, Standard & Poor's warned.

UK - Final salary public sector pensions should be phased out in favour of cheaper career average schemes by 2015, Lord Hutton said.

UK - Legal & General Investment Management has named Mark Zinkula as the group's new chief executive.

EUROPE - The European Union must forge stronger links with institutional investors to achieve its low carbon economy goals, the Institutional Investors Group on Climate Change says.

EUROPE - European schemes have started to put strategies in action that deal with volatility by either bringing in returns or mitigating risks, but find there's still a way to go in educating board members about these strategies.

POLAND - Poland's government approved its plan to reduce transfers to private pension funds, a move that will trim the country's borrowing needs by about 190 billion zloty ($67bn) through 2020.