Compensation payouts for scheme wind-up victims have been delayed because computer firewalls mistook vital data as pornography.

FRANCE - Activist fund manager Knight Vinke is targeting pension funds as part of a lobbying programme to increase the offer price for French energy giant Suez if it is merged with Gaz de France.

GLOBAL - Over a third of European fund managers considered themselves underweight in US stocks and planned a shift to neutral status by the end of the year, according to a survey by Thomson Financial.

THE FEASIBILITY and cost of the government's national pension savings scheme is questionable, the Association of Chartered Certified Accountants says.

ASHMORE Investment Management has completed the first closing of its Global Special Situations Fund 3 after raising over $1.3bn (£682m).

TRAVEL firm Hogg Robinson will make a one-off £28.5m payment into its £58m defined benefit pension scheme after The Pensions Regulator and trustees agreed the move.

THE RESIDENTIAL Property Unit Trust, managed by Schroder Property Managers, has purchased a property in Clapham for £3.3m.

AUSTRALIA - Doubts have been raised over the sustainability of the Australian government's plans to simplify superannuation law by scrapping exit tax on taxed pension funds.

MORGAN STANLEY has appointed Neville McKay as a managing director and head of its European pensions group.

EUROPE - AEGON and Citigroup will create a flexible investment platform they claimed was the first to use Dutch FGRs as a vehicle to pool cross-border pension funds.