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.
Kentucky Retirement System, Mercer, PensionsFirst, Towers Watson, Northern Trust, J.P. Morgan
CalPERS outlines new policy benchmarks
US - Staff at the California Public Employees' Retirement System have proposed new portfolio benchmarks to reflect the risk-based asset allocation approved in December.
Fiduciary management remains controversial, Dutch funds believe
NETHERLANDS - Dutch pension plans believe fiduciary management will continue to grow but it remains a controversial strategy, new research shows.
Poor returns to blame for $6.5bn rise in NYC pension costs
US - A $6.5bn increase in New York City's pension costs was largely due to poor market performance rather than overly generous benefits, a study has found.
Unilever to close UK DB scheme to existing members
UK - Unilever is to close its £5.5bn ($9bn) UK final salary scheme to existing members due to the fund's "increasingly unaffordable and unsustainable" costs.
Institutions to hunt for hedge funds, inflation hedges in 2011
US/CANADA - Searches for hedge fund managers and inflation-hedging strategies among North American institutions will dominate search activity in 2011, a new survey of consultants finds.
Norway's Global Pension Fund to reduce Europe exposure
NORWAY - Norway's Government Pension Fund Global should reduce its weighting to Europe and will consider changes to its fixed income portfolio, finance minister Sigbjorn Johnsen said in a report to parliament today.
KAS Bank launches iPad app for pension funds
EUROPE - KAS Bank has developed an app for the iPad which enables pension fund managers, trustees, sponsors and fund administrators to access up-to-date fund data at any time and from any location.
Asset allocation changes still take minimum three months - Aon Hewitt
UK - Pension trustee boards continue to struggle to make swift changes in allocations to new asset classes, research by Aon Hewitt shows.
Goldmans 'misled' clients over investments - report
US - Goldman Sachs misled clients and Congress about the firm's investments in securities tied to mortgages, a report by the US Senate has found.
Railways Pension Trustee Company chief executive Phil Willcock has quit the scheme after only 10 months to take up a position as head of AIG UK Life.
The Financial Conduct Authority (FCA) has launched a consultation on how to enable defined contribution (DC) savers to invest in patient capital via unit-linked funds.
The Pension Protection Fund has published its final levy rules for 2019/20 following a consultation launched in September.
The Competition and Markets Authority's (CMA) final report on the investment consultant market has been celebrated as having "real teeth" to produce better outcomes for members.