Europe

UK - Pension funds which invest in stock market indices are making higher risk investments than many realise, ratings agency Standard & Poor's claims.

UK - Keveh Alamouti has joined Moore Europe Capital Management as a senior portfolio manager.

UK - Herefordshire-based cider maker Bulmer has a net FRS17 deficit of £20.4m on its £73m pension scheme, its full year accounts show.

UK - HSBC Global Absolute - the £149m fund-of-hedge funds run by HSBC Republic Investments - posted an increase of 1.1% in net asset value last month.

UK - Graham Dow is to join Scottish Life as marketing support manager for the north region.

UK - Trade unionists expect steel giant Corus to back down over the proposed closure of its defined benefit pension scheme.

UK/EUROPE - Friends Ivory & Sime (FIS) has launched a corporate governance and socially responsible investment unit for European markets.

UK - Aon Consulting's annual investment conference will look at market changes, trustee responsibilities, manager costs and the impact of currency issues.

UK - The £20bn Universities Superannuation Scheme (USS) is expanding its corporate governance activities.

UK - Practical steps companies can take to avoid strike action if they need to reduce pension benefits have been set out by the NAPF.