Europe

UK - Active management is the key to out-performance as uncertainty surrounds entry to the single European currency, according to a report by Baring, Houston & Saunders (BH&S), a member of ING Real Estate.

UK - Two City managers made unauthorised transactions in shares worth more than £270m in a bid to boost their bonuses, a court was told Wednesday.

UK - Merrill Lynch Investment Managers is urging institutional investors to review property weightings in the wake of falling gilt yields and the future abolition of MFR.

UK - Long term gilt yields have risen above short term returns for the first time since 1997 in the aftermath of the terrorist attacks in the US.

UK - Pension funds are being urged to invest in gold following the terrorist attacks on the World Trade Center in New York and the Pentagon.

UK - Liberal Demcorat pensions spokesman Steve Webb MP believes pensions minister Ian McCartney has his work cut out to convince the industry he understands the scale of the pensions problem

UK - Troubled insurer Equitable Life yesterday unveiled a proposed compromise to solve the problem of its guaranteed annuity rate (GAR) pledges.

UK - Gartmore Investment Management has lost a £35m active global equity mandate from the £55m Yorkshire Chemicals Pension Scheme.

UK - OPRA unveiled new moves to encourage electronic reporting and also raised the heated issue of whistleblowing at the Trades Union Congress (TUC) conference in Brighton last week. ...

UK - The £26m James Walker Pension Scheme closing its final salary scheme to new members.