France

FRANCE - A controversial amendment to the social security laws may allow employees to continue working until the age of 70.

FRANCE - A third of French people fear they will not be able to retire before the age of 65, while over half believe they will have to work into their retirement, according to a survey conducted by HR firm Kelly Services.

FRANCE - Crédit Agricole Structured Asset Management (CASAM) has announced the launch of 10 exchange traded funds (ETFs).

FRANCE - The Caisse des Dépôts et Consignations (CDC), the institution the Sarkozy government plans to transform into a French sovereign wealth fund, has expressed doubts about its own size and ability to compete on a global scale.

FRANCE - The effectiveness of France's controversial 2003 'Fillon reforms' has been questioned by the Caisse nationale d'assurance vieillesse (CNAV), the general public sector social security retirement system.

FRANCE - ERAFP, the French public service additional scheme, has announced it is to tender €1.2bn (US$1.88bn) of international equities and investment grade Euro denominated bonds over the next three years.

FRANCE - The European Commission (EC) has launched an investigation into the way France Télécom's pension scheme for state employees was financed following its privatisation in 1997.

FRANCE - The €35bn (US$53.7bn) Fonds de reserve pour les retraites (FRR), France's reserve retirement fund, has announced it has dropped two mandates due to "poor financial performance".

FRANCE - Buck Consultants announced that French benefit consultancy, SPAC Actuaires, has joined its global network.

FRANCE - The French Pension Reserve Fund has announced it is to review all of its investment activities to take into account social and ethical considerations.