Europe

SCOTLAND - The Glenrothes-based £616m Fife Council Superannuation Fund is looking for one manager to handle a new global equities portfolio expected to be worth around £150m.

EUROPE - Morningstar, the fund ratings agency has spoken out against recent proposals from 11 leading fund managers who have called for a pan-European review of how ratings are categorised.

UK - Pensions Reform Group proposals that would force workers to join a state-run scheme could make people worse off, Aon Consulting warns.

UK - Final salary scheme deficits are proving a major stumbling block to company mergers and acquisitions, claim pension lawyers.

UK - Pension funds should invest in sectors rather than regions to gain access to a better range of stocks, UBS Global Asset Management claims.

SCOTLAND - Scottish council tax payers are about to be hit with a £320m bill to cover deficits in local authority pension funds.

UK - Financial technology provider the Exchange has launched a pensions transfer value analysis system (TVAS) to help IFAs in advising clients.

UK - Workers at insolvent steel manufacturer ASW face cuts to their pensions of up to 90%, a trade union claims.

UK - Legislation should be introduced to force pension schemes to give members a statement of rights, the Occupational Pensions Advisory Service claims.

UK - Trustees are being urged to insure schemes against insolvency of sponsoring companies to guarantee members' pensions.