Europe

UK - Property with a long economic life is one of the best investments for matching a scheme's liabilities, LaSalle Investment Management claims.

UK - Wragge & Co is holding a one-day course outlining the responsibilities, rights and duties of pension fund trustees.

UK - OPRA has closed a loophole which allowed schemes to escape being fined for failing to comply with minimum funding requirement regulations.

UK - BP Investments - the asset management arm of the BP pension fund - has selected Innovest Strategic Value Advisors to provide it with sustainability research.

UK - The decision by Boots to switch to a 100% bond asset allocation has been lauded as a masterpiece of tactical investment timing by Hermes Pensions Management.

UK - A work and pensions minister has admitted that the Government may not meet its targets for reducing reliance on state pensions. The government's aim is to shift the burden from state provision by 2040.

UK - Fund management firms which cut back on staff could harm their prospects of winning new business, consultants warn.

UK - CMS Cameron McKenna is holding a law briefing for pensions managers, administrators and trustees on October 23.

UK - Scottish Life has cut the terminal bonus rates for its with-profits policies for the second time in four months due to falling markets.

UK - Law firm Norton Rose is holding a breakfast seminar on how to deal with member complaints and disputes.