Europe

UK - The £860m West Sussex County Council Superannuation Fund looks set to axe around £400m worth of mandates run by Deutsche Asset Management.

EUROPE - Marlborough Stirling, a provider of software, services and consultancy to the financial services industry, has expanded its operations in continental Europe by opening offices in Milan and Madrid.

UK - Pension schemes are deserting quoted property investment firms due to the heavy tax burden imposed on them, ABN Amro Bank claims.

UK - Delaying action on Alan Pickering's Simplification Review proposals could mean that any changes will be too late for many schemes, actuaries warn.

EUROPE/UK - Investors are "uncertain and confused" by the way the UK equities market is recovering from the downturn, research from Commerzbank Securities shows.

UK - Financial Services Authority chairman Sir Howard Davies has voiced concerns that many small UK private property firms are highly geared while containing little collateral.

UK - Graduates are shunning local government pension schemes because they are weighed down by student debt, public service union Unison claims.

UK - OPRA's ambitions to rid small schemes without trustees of any security fears have been scaled back because of its own "lack of resources".

UK - Nearly two-thirds of pensioners rely on occupational pensions as their main income, Department for Work and Pensions statistics show.

UK - A £1.7m bonus package for Vodafone's chief executive Christopher Gent in the wake of its record £13.5bn loss may be blocked by pension schemes.