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 - 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.
EDHEC; Amundi; Corinthian Cove Consulting; Scottish Widows Investment Partnership; Standard Life Investments; Mercer; CalPERS
CalSTRS explores risk-based allocation approach
US - The California State Teachers' Retirement System will discuss implementing an ‘almost radical' new asset allocation that will divide assets into risk buckets, instead of traditional asset classes.
BofI's fundamental strategies a boon to SSgA
GLOBAL - Bank of Ireland Asset Management's strength in fundamental equity and fixed income strategies help State Street Global Advisors (SSgA) plug a hole in their product offering and meet the needs of clients looking for more holistic solutions.
TRS commits over $1bn to new managers, searches for risk management system
US - The Illinois Teachers' Retirement System (TRS) doled out over $1bn in assets to new domestic equity, private equity and fixed income managers, and hired three new consultants.
NEST lists investment mandates; State Street to administer funds
UK - State Street Corporation has been appointed as fund administrator for the National Employment Savings Trust.
IRELAND - Pegging defined benefit schemes' liabilities to Irish bonds instead of German and French bonds could significantly ease the burden of underfunding, said Aon Hewitt.
Multi-managers adapting under pressure
Traditional multi-management firms have increased their offerings following calls for more fiduciary responsibility, as Helen Fowler reports
UK - Aviva's decision to close its final salary scheme will benefit the company's net asset value by about £275m ($442.6m), figures show.
Norway fund to purchase NOK800m a day in currencies
NORWAY - Norway's Government Pension Fund Global is to purchase foreign exchange in November equivalent to NOK800m ($135m) a day.
HMRC has confirmed providers operating relief at source pension schemes can continue to collect automatic tax relief at a basic rate of 20% under new Scottish Income Tax rules.
The Pensions Regulator (TPR) is seeking "improved" powers to set a schedule of contributions in defined benefit (DB) schemes in the government's upcoming white paper, it has revealed.
New regulatory rules which require providers and advisers to produce annuity illustrations will not solve the problem of consumer detriment as they are "fundamentally" flawed, according to Retirement Advantage.
Paul Budgen is set to join financial technology and auto-enrolment (AE) firm Smart Pension as director of business development.