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 edition of Professional Pensions is out now
MPs failed to place legislation into the Financial Guidance and Claims bill that would have made pension guidance default, which Just Group director Stephen Lowe said left a "bitter taste".
Aegon has called for the government to double the tax exemption on employer-arranged pension advice, up from £500 to £1,000.
Institutional investor confidence in Europe rose by 8.9 points in April with each region showing growing appetite for risk, according to State Street Global Exchange.