Preheat oven to 350ºF.
Lightly spray 10-inch round baking pan with vegetable oil baking spray; set aside. In medium bowl, combine flour, baking powder, salt and cinnamon; set aside. Reserve 2 tablespoons pine nuts; place remaining pine nuts, 1⁄4 cup sugar and fennel seeds in food processor; pulse until nuts are minced.
In large bowl, cream butter, cheese and remaining 3⁄4 cup sugar. Add eggs, one at a time, mixing thoroughly after each addition. Add nut mixture, juice, zest and anise extract; mix well. Stir in carrots.
Gradually add flour mixture, mixing until just combined. Spread cake mixture in pan; sprinkle with reserved pine nuts. Bake 55 to 60 minutes or until toothpick inserted in center is clean when removed. Remove from oven; cool completely.