Europe

UK - Councils are being urged to check how they have used "subordinate legislation" which changes members' rights retrospectively.

UK - The £20bn British Coal Pension Schemes have dropped Edinburgh Fund Managers from a £288m small-cap equities mandate.

UK - Opposition parties have slammed Chancellor Gordon Brown's Budget for failing to address the mounting pensions crisis.

EUROPE/UK - Axa Investment Managers is hoping to woo institutional investors in Continental Europe with its new World Fund Global High Yield Bonds fund.

UK - Unions have challenged embattled Corus chairman and acting chief executive Sir Brian Moffat to reveal whether he intends to draw a pension on top of his enhanced salary.

SCOTLAND - Aberdeen Property Investors has been hired to manage a £25m property investment portfolio for The National Trust for Scotland.

UK - The £900m East Sussex County Council pension fund has dropped Gartmore Investment Management and Deutsche Asset Management from their multi-asset mandates.

UK/US - The Universities Superannuation Scheme is to help spearhead a drive to set up a corporate governance charter in the US.

UK - Stakeholder pensions will only succeed if they are supported with financial advice, the FSA claims.

EUROPE/UK - Axa Investment Managers is hoping to woo institutional investors in Continental Europe with its new World Fund Global High Yield Bonds fund.