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.
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Report finds corruption at CalPERS
US - The former chief executive of the California Public Employees' Retirement System has been accused of steering billions of dollars to politically connected firms.
GSAM boosts Indian footprint with ETF acquisition
INDIA - Goldman Sachs Asset Management has acquired India's largest ETF provider Benchmark Asset Management and announced plans to bring actively managed funds onshore.
Texas may double hedge fund assets in $108bn plan
US - Texas may double how much the $108bn Teacher Retirement System (TRS) can invest in hedge funds, which lawmakers say reduces risk from stock market volatility.
CalPERS defies actuarial advice to lower discount rate
US - The California Public Employees' Retirement System (CalPERS) has rejected recommendations to lower its discount rate and voted to keep it at 7.75%.
Japan quake will delay growth until Q3 - Nomura
JAPAN - Nomura predicts the devastating earthquake and tsunami in Japan will cut between 0.5% and 1% off the country's GDP next quarter.
HOOPP looks to tie staff pay to liability matching success
CANADA - Staff at the Healthcare of Ontario Pension Plan (HOOPP) could soon be compensated for how well they match liabilities.
DWP should avoid ‘bear trap' on default fund strategy
UK - The Department for Work and Pensions must avoid the "bear trap" of setting rigid rules to govern default funds, AllianceBernstein warns.
Euro markets tumble on fresh Japan radiation fears
EUROPE/JAPAN - Major European indices suffered triple-digit losses on Tuesday after a third explosion at Japan's Fukushima nuclear power plant raised fresh radiation fears and sparked a 1,000-point plunge on the Nikkei 225.
Slovenian court allows pension vote, delaying spending cuts
SLOVENIA - The Constitutional Court has ruled that a referendum on pension changes approved by Parliament can take place, a move that will delay public spending cuts and may prompt a rating downgrade.
A number of pension schemes have been prompted to lock in gains with a move into bonds after the estimated deficit across FTSE 100 DB pension schemes improved by £36bn, over the 12 months ending 30 June last year, JLT Employment Benefits found.
HM Treasury has agreed in principle to give NEST a £329m contingent liability guarantee in the event of the master trust's wind up or closure.
AMP Capital has set up a dedicated team to help institutional investors, including pension funds, invest in infrastructure through direct equity allocations.