FRANCE - Alcatel-Lucent reported a pension and other post employment benefit (OPEB) deficit of €1.2bn ($1.7bn) in the third quarter down from an overfunding of €49m at the end of June.
The firm said the deficit was driven by a drop in the discount rate of 70 basis points which led to an increase in obligations of €1.9bn, which was offset in part by an increase in plan assets of €902m,...
FRANCE - The Fonds de reserve pour les retraites' funding ratio fell to 132%, dropping 11 percentage points from June's value due to decreasing interest rates on 10-year bonds.
FRANCE - Global sovereign wealth funds with over $9trn in assets are meeting to discuss ways to boost global economic growth, including the potential use of new financial instruments like "loyalty shares" or "capital access bonds".
FRANCE - Natixis Global Asset Management (NGAM) has acquired a controlling interest in investment advisory firm Darius Capital Partners.
FRANCE - The Fonds de reserve pour les retraites said it is 143% funded, more than enough needed to fund its liabilities through to 2024 as mandated by the government.
FRANCE - Alcatel-Lucent made a cash contribution of €42m ($60m) to its worldwide pension funds in Q1, the company's quarterly financial statement shows.