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

US - The Teacher Retirement System of Texas' strong returns of 12.6% in the year ended September 30 has allowed the scheme to pay $9.7m in current and deferred bonuses to its staff.

State Street Global Advisors; Goldman Sachs Asset Management; Schroders; Caisse de Depot et Placement du Quebec; Pension Corporation; Russell Indexes; Arnerich Massena; Natixis Global Associates.

US - Trustees of the $24bn retirement system for state employees in Pennsylvania have approved plans to shift assets from hedge funds to stocks and fixed-income securities.

US - The Pension Benefit Guaranty Corporation (PBGC) has taken responsibility for the under-funded pension plan of a bankrupt hospital.

US - Deficits in S&P 1500 company pension plans fell by $14bn to $359bn at the end of November, new figures from Mercer show.

US - North Carolina Retirement Systems gained 7.94% in the third quarter, falling short its target benchmark by 11 basis points.

CANADA - BTG Pactual has sold a $1.8bn stake to a group of international investors including the Ontario Teachers' Pension Plan (OTPP).

PORTUGAL - Portugal Telecom has agreed to sign over its pension fund, which has €2.8bn ($3.7bn) in liabilities, to the state.

HUNGARY - Moody's Investors Service has downgraded Hungary in part because of its decision to nationalise its private pension system.