Europe

UK - The Dairy Crest Group Pension Fund has purchased a £150m (US$231m) bulk annuity policy from Legal & General Assurance Society.

FRANCE - State pension fund Fonds de Réserve pour les Retraites (FRR) has selected EIRIS to provide extra-financial risk analysis services for its €34bn (US$54bn) global equity portfolio.

NORWAY - Norges Bank Investment Management (NBIM) has filed a lawsuit in the US to try to block a vote next week on the takeover of Constellation Energy Group.

EUROPE - The New Year will herald in an investment environment radically different to the past two decades, consultant Watson Wyatt warns.

FRANCE - More than half of French workers doubt they will have an adequate pension, according to research by French national pension fund Caisse nationale d'assurance-vieillesse (CNAV).

UK - Trustees of the Thorn pension fund have completed a £1bn (US$1.5bn) buyout transaction with Pension Insurance Corporation.

UK - FairPensions warned fund management companies are likely to endanger investment performance and alienate clients by cutting teams dedicated to analysing environmental, social and governance (ESG) risks and opportunities.

UK - Administrators for failed high street retailer Woolworths have notified the Pension Protection Fund (PPF) of its collapse and expect member benefits will be rescued.

UK - Measures that could make it easier to introduce shared risk pension schemes will be considered by the government and industry in the New Year, Lord McKenzie reveals.

UK - The FTSE has confirmed the latest companies to leave and join the FTSE 100 and FTSE 250 indexes.