Europe

UK - A row has broken out between British Airways and its pensioners' association over the length of tenure of the trustee board.

UK - Three UK institutional investors have joined a US class action against telecommunications giant Cable & Wireless seeking up to £3bn in damages.

UK - State Street Global Advisors' nine flagship global active equity strategies have all outperformed their respective benchmarks over one and three-year periods.

UK - Supermarket giant Tesco is raising its contribution rates to plug its final salary scheme's £159m deficit.

EUROPE - Some 50% of European fund managers expect tensions between America and Europe to hit global stockmarkets over the next three months.

UK - JPMorgan Fleming Asset Management has hired Martin Porter as global head of equities.

UK - Members of the defunct Restawile Upholstery scheme are set to launch the first ever appeal against the Pensions Compensation Board.

UK - Nearly half of those who retire under the age of 65 wish they had saved more, research from Policy Portfolio shows.

UK - Allianz Dresdner Asset Management has hired Peter Lockyer from Merrill Lynch Investment Managers as global head of performance and portfolio risk for its equity division.

ITALY - Mellon Global Investments has bagged a E397m (US$437m) by the Sanpaolo IMI Group pension fund.