Europe

UK - Corporate bonds are here to stay according to one top City manager following speculation that the asset class may be the next bubble to burst.

UK - London-headquartered Gartmore has posted a 46% increased in hedge funds under management since the start of the year.

UK - Changes in the maturity of pension schemes have made investment timescales much shorter, asset manager Phillips & Drew claims.

UK - The Amalgamated Engineering and Electrical Union (AEEU) is to compensate staff in its group pension scheme who suffered losses as a result of the Equitable Life debacle.

UK - The Plain English Campaign has honoured Legal & General (L&G) in its "Best Documents of the Year" category. The company was singled out for this award as acknowledgement of its explanatory material for its pension products.

UK - The Securities and Futures Authority (SFA), a subsidiary of the Financial Services Authority (FSA), has fined three companies £1.24m for breaching the previous FSA Principle 9, which required firms to control and organise their business responsibly....

UK - The J Sainsbury pension fund is understood to be negotiating a settlement with Merrill Lynch Investment Managers in the wake of the Unilever deal.

UK - The government has ruled out any immediate help for occupational pension schemes.

UK - Aberdeen Murray Johnstone Private Equity (AMJPE) has been reappointed by the £6bn Greater Manchester Pension Fund (GMPF) to its third local private equity venture.

UK - The FKI Group Pension Scheme has appointed Rothschild Asset Management (RAM) to manage its £56m bond portfolio.