Europe

UK - Pension funds are still paying active management fees to firms which are closet index trackers, Bank of Ireland Asset Management claims.

UK - Computer Sciences Corporation has launched a pension outsourcing solution which, it says, is capable of slashing administration costs by 50%.

UK - Scottish Equitable's accreditation under the Raising Standards quality mark scheme has been renewed by the Pensions Protection Investments Accreditation Board.

UK - According to the latest APUT/HSBC Pooled Property Fund Indices property has, at last, lost the stigma of being the top performing UK asset class.

UK - Barclays Global Investor's BGI Endowment Fund III has seen its share price fall 39.4% over the year to August 31.

UK - Pension schemes in the UK have seen a dramatic rise in the use of specialist managers.

UK - Edis Partnerships is organising a seminar on career average revalued earnings schemes and their role as an alternative to money purchase plans.

UK - Energy giant BP has pledged to keep its £9bn final salary scheme open to new members and dismissed fears over its financial health.

UK/EUROPE - Credit Suisse Asset Management has launched an exchange traded fund based on the MSCI Euro Index.

UK/EUROPE - Access to the Eurobond market would be the biggest investment opportunity open to UK pension funds following entry into the Euro.