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.
OPERS; GESB; TRS; LCP; Friends Provident; Northern Trust; Mercer; PBGC
US - Two investment managers at the California Public Employees' Retirement System (CalPERS) have resigned this week.
NETHERLANDS - The Stichting Pensioenfonds Vereenigde Glasfabrieken (SPVG) has been told to reduce its holdings in gold after the Nederlandsche Bank (DNB) ruled its exposure to the metal was too risky.
US - The Arkansas Teacher Retirement System has sued State Street over claims that the Boston-based bank engaged in unfair and deceptive practices regarding foreign exchange transactions.
US - Kentucky lawmakers have put forward a raft of legislative amendments to ban the use of placement agents by the State's retirement systems.
GLOBAL - Linking retirement age to a mortality index would remove some political risk around increasing the length of time employees work, said Mercer's chief retirement strategist Bruce Rigby.
UK - Hedge fund investors must stop "undermining" one another by accepting inadequate terms, the Universities Superannuation Scheme believes.
US - The Teacher Retirement System of Texas plans to boost investments in large cap stocks, real estate and hedge funds, while curbing fixed-income and currency holdings.
UK - Almost three-quarters of schemes are committed to long-term de-risking strategies but the majority still plan to demand extra employer contributions, an Aon Hewitt poll reveals.
US - The California State Teachers' Retirement System (CalSTRS) will today decide whether to introduce a risk overlay strategy across its $146.4bn portfolio.
This week's top stories included Legal & General acquiring MyFutureNow to provide a dashboard service to customers, while also agreeing a hybrid buy-in with a Hitachi scheme.
NEST has signed up to the government-backed Star Initiative, taking all of its 8 million members' pension pots with it.
It is perhaps inherently difficult to find an agreed definition of value for money, but some methodologies could act as a stopgap, argues Jonathan Stapleton.