US - Democratic representatives and senators reached an agreement on a proposal to provide funding relief for pension plans and in some cases extend the smoothing period.

CHINA - China's national pension fund invested more than 15 billion yuan ($2.2 billion) to become Agricultural Bank of China's third-largest holder, paving the way for what may be the world's biggest initial public offering.

CANADA - The Canada Pension Plan has returned 14.9% for the year ending March 31 on the back of strong debt and equities gains.

NORWAY - Norges Bank has appointed State Street Corporation to provide fund administration services for the real estate portion of the Norwegian Government Pension Fund.

US - The California Public Employees' Retirement System (CalPERS) Board of Administration publicly reprimanded board member Priya Sara Mathur for repeatedly failing to file personal and campaign financial disclosure statements required by law.

AUSTRALIA - The median superannuation growth fund remained flat in April, returning -0.1% for the month, as the global markets were dragged down due to concerns over Greek sovereign debt and the possible ‘contagion' of other economies, consultancy Chant...

SWITZERLAND - Over 80% of Swiss private pension funds stated a cover ratio of 100% or more at the end of last year, the Swisscanto Pension Funds Survey 2010 found.

European Union finance ministers have backed controversial new rules for hedge funds and private equity firms.

EUROPE - The European Union (EU) Council has given its presidency a mandate to negotiate a final draft of Alternative Investment Fund Managers (AIFM) directive with the European Parliament (EP), the final step before an expected approval in July.

CHINA/UK - China's National Council for Social Security Fund (NCSSF) has awarded an active European equity mandate to Newton, a BNY Mellon Asset Management unit.