Europe

UK - The £730m North Yorkshire County Council is mandating a £170m portfolio following performance concerns surrounding incumbent manager Invesco.

UK - Bank of New York is under the spotlight at the Corporation of London as the fund mandates its custody arrangements.

UK - The £162m Powys County Council pension fund could be in line for further changes, this time to its custody arrangements.

UK - Insurers and consumers must face up to risks of ageing population, according to a new report.

UK - One third of UK pension funds think the government should legislate on best-practice recommendations in the Myners' report on institutional investment.

UK - Aon's head of corporate pensions consulting, Donald Duval, is to be the new president of the Society of Pension Consultants.

UK - Smaller pension funds have the potential to gain better equity returns than their larger counterparts, claim fund managers.

UK - Scottish Widows Investment Partnership (SWIP) has received the go-ahead to open up its Global Liquidity Fund to institutional investors in the UK.

UK - The £27bn British Telecommunications (BT) pension fund has almost cut its deficit by half, according to preliminary figures issued by the firm.

UK - Insurance broking group Bradstock has been forced to reach a deal with its pension scheme trustees to prevent the firm being forced into administration.