IRELAND - The €24.5bn ($32.4bn) National Pensions Reserve Fund (NPRF) has invested $50m in Polaris Venture Partners.

US - The Los Angeles Fire & Police Pension System has reappointed Northern Trust as global custodian.

DENMARK - The ATP Supervisory Board has allocated DKK23bn ($4.1bn) to help safeguard the fund against rising Danish life expectancy.

FRANCE - Dutch regulations are "killing" pension funds by using a discount rate that forces them to de-risk, said Anton van Nunen, director of Van Nunen & Partners.

SLOVENIA - Slovenia's parliament approved the government's proposed pension overhaul, increasing the retirement age for workers as the euro-region country cuts public spending.

Improving companies through corporate governance will remain "a fantasy" until pension trustees better align their managers' incentives, Mark Fawcett says.

FRANCE - Improving companies through corporate governance will remain "a fantasy" until pension trustees better align their managers' incentives, said Mark Fawcett, chief investment officer at the UK's National Employment Savings Trust.

HUNGARY - Hungarian lawmakers yesterday backed a government bill that may force most of the Ft3trn ($14.5n) in private pension fund portfolios to move to the state as the Cabinet works to reduce public debt.

US - The California Public Employees' Retirement System (CalPERS) has approved a new asset allocation strategy to improve risk-adjusted performance.

The Organisation for Economic Co-operation and Development plans to start its research on managing longevity risk in January, and could propose governments issue life expectancy indexes.