Regions

EUROPE- The EU and IMF have reached a deal on Greece which should prevent a default, but will involve a new round of austerity measures for the beleaguered nation.

EUROPE - Institutional investors in Europe rank interest rate risk as their biggest concern over the next 12 months, research by Allianz Global Investors shows.

EUROPE - The Association of Consulting Actuaries has urged government to seek further legal certainty on guaranteed minimum pension equalisation because of the £10bn ($16bn) cost to employers.

GLOBAL - Aberdeen Asset Management has appointed Roberto Varandas to head up its global property development business.

EUROPE - Pension funds could once again retract from securities lending if they are included in European proposals which would tag lenders as ‘short sellers', according to the trade body for securities lenders.

US - Consultant Wurts & Associates has hired Jeffrey Scott, the investment chief of the Alaska Permanent Fund Corporation known for spearheading a risk-based asset allocation, to serve as CIO of its outsourcing business.

ASIA - Asian debt is replacing US Treasuries for institutional investors in the region, but developed market pension funds remain underexposed to the asset class, Baring Asset Management believes.

GLOBAL - Pension funds and other asset owners are increasingly looking for asset managers to incorporate climate change policies into their investment practices, a new survey of investors with some $12trn in assets shows.

GLOBAL - Some investors locked into hedge funds in the financial crisis may not have redemptions satisfied fully until 2015, according to officials at market intermediary Tullett Prebon.

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.