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.
Trustees lack expertise, time and resources to develop effective communications on technical pensions issues and need professional help, a major review of the British Steel saga has concluded.
In this week's Pensions Buzz, we want to know if you think trustees should consult directly with members before agreeing to a DB superfund buyout.
Thousands of savers taking tax-free lump sums ahead of retirement are at risk of a pensions shortfall in later life due to neglecting their remaining pot, Zurich has warned.
Professional Pensions is looking to update its list of pensions master trusts in the UK ahead of authorisation. Can you help?