NETHERLANDS - Dutch pension experts question whether the interbank swap yield curve is the best rate to discount liabilities against, Giovanni Legorano and Raquel Pichardo-Allison report.

Giovanni Legorano speaks with Ronald Wuijster, managing director strategic portfolio management at APG Asset Management about its approach to fiduciary management and the problems associated with illiquid assets

Dutch pension experts ask whether trustees have shed too much responsibility, as Giovanni Legorano reports

Dutch pension experts question whether the interbank swap yield curve is the best rate to discount liabilities against, as Giovanni Legorano and Raquel Pichardo-Allison report

CHILE - Volatile markets impacted the profitability of four out the five second pillar pension funds, which posted negative results for the month of May, data from regulator Superintendencia de Pensiones revealed.

CANADA - Canadian finance minister James Flaherty called for local finance ministers to support his plans to give tax incentives and modify pension standards to boost the defined contribution market, and to bring changes to the Canada Pension Plan.

BRAZIL - Lane Clark & Peacock has expanded its international network by partnering with Brazilian consultancy Rodarte Nogueira.

US - New Mexico has appointed JP Morgan to provide custody and securities services for more than US$40bn managed by its four state agencies.

ITALY - The Italian government today will present to parliament an amended law to increase female public servants pension age to 65 by 2012, as required by the European Commission.

EUROPE - Additional reforms of pension policy, particularly increasing the retirement age, will be needed in several countries due to the danger posed by expected demographic changes, an interim report by the EU Council said.