Europe

DENMARK - ATP has announced plans to raise all pensions and pension commitments by 2%, despite recording a net loss of DKK7.3bn (US$1.44bn) in the first half of 2008.

EUROPE - The number of retirees relative to workers in the EU27 is set to double by 2060, according to data from EU statistical office Eurostat.

UK - The Occupational Pensions Trust (OPT) has attacked proposals to change the Pension Protection Fund (PPF) risk-based levy as potentially damaging to funding levels.

UK - Balanced pooled pension funds results for the month of July improved from the previous month, a study by BNY Mellon Asset Services has revealed.

FINLAND - Finland's State Pension Fund (VER) investments yielded a return of -6.4% in the first half of 2008, compared to 3.4% in the same period of 2007, the fund has announced.

UK - Norfolk Pension Fund, which oversees retirement provision for some 52,000 employees, has awarded an active currency mandate to Goldman Sachs Asset Management.

EUROPE - The International Corporate Governance Network (ICGN), which represents the interests of pension funds and investors with US$15trn of assets, has called on the European Commission (EC) to rethink guidelines for limiting auditors' liabilities....

NORWAY - The market value of the Government Pension Fund-Global increased by NOK46bn (US$8.5bn) during the second quarter of 2008, stabilising at NOK1,992bn (US$367.3bn), despite negative returns.

UK - The majority of low paid workers would be better off not saving in a Personal Account, latest government figures reveal.

UK - Bedfordshire County Council has appointed Hewitt Associates to act as investment manager for its £1.1bn (US$2.05bn) pension fund.