Europe

EUROPE - Celogix Property Fund, the eurozone logistics and distribution property fund managed by Aberdeen Property Investors, has raised a further E70m from two new institutional investors, one Danish and one Norwegian, as well as from four current shareholders....

EUROPE - The EU Pensions Directive, which sets a framework for cross-border European pensions, has finally received approval from MEPs.

UK - Pension funds have defended their use of "abstentions" on corporate governance issues that do not comply with recommendations in the Higgs report.

UK/US - State Street Corporation has been appointed to provide a full range of fund accounting services to Schroders for 64 UK-based collective investment funds, representing more than £11bn in assets.

UK - Institutional investors are moving to alternative asset classes such as private loans to secure long-term income streams and above average returns.

UK - Regulatory failure and mismanagement of Equitable Life dates back nearly 15 years, a report by the Equitable Members' Action Group claims.

UK - Employer and employee contributions at engineering giant Weir Group's DB scheme are increasing by two percentage points after the deficit soared by £82.7m.

UK - The sales of impaired life annuities soared by 55% last year with nearly a quarter sold on the open market, research by Watson Wyatt shows.

UK - Greater clarity is needed in those proposals designed to protect members of final salary schemes, says Independent Trustee Services.

EUROPE - Nordea Securities, investment-banking arm of Nordea, has outsourced its equity research to ratings and research company, Standard & Poor's.