Regions

EUROPE - The European Commission (EC) has decided to refer Spain and Portugal to the European Court of Justice (ECJ) over alleged discriminatory taxation of foreign pension funds.

Including: DENMARK - ATP ups Carlsberg stake; CANADA - Unnamed fund taps into gold mine; NORWAY - SAS pension case settled; UK - Passive mandate win for SSgA

GLOBAL - The market value of assets in the United Nations Joint Staff Pension Fund has dropped 29.6% since the start of the year.

In its second annual roundtable on the topic, Global Pensions gathered key spokespeople in Stockholm to discuss investment in emerging markets

Giovanni Legorano examines the effects of the credit crunch on custodians and looks at the increasing demand for cross-country pension pooling

GLOBAL - 'Good' managers only get 51% of their decisions right, research from Inalytics has found.

GLOBAL - Fundamental pension reforms have been far more extensive in Asia and Central and Eastern Europe (CEE) than those in western industrialised countries, research shows.

INCLUDING: US - CalSTRS CEO joins Ceres board; UK - Hermes appoints associate director; UK - SSgA expands active equity team; GLOBAL - Oxford Management awarded CarbonNeutral certification

ISRAEL - Israel won't provide a "safety net" for pension savings eroded by the global financial crisis, the country's chief markets regulator said, rejecting a demand from the Histadrut labor union.

GLOBAL - Several US exchange traded funds (ETFs) providers are considering listing their products in Europe, due to a more flexible regulatory environment, a ETFs expert has claimed.