Europe

DENMARK - Compulsory employee contributions for pension savings may be reintroduced next year under plans by the Fogh government.

UK - Half of institutional investors in the UK plan to increase their investment exposure to the Gulf region over the next three years, according to Lyxor Asset Management.

NORWAY - Norway needs to extend its pension reform to include public sector pensions if it is to address a financing gap in 2060, the Organisation for Economic Co-operation and Development (OECD) has warned.

DENMARK - The DKK241bn (US$47.6bn) Danica Pension has adopted a new ethical investment policy, MandateWire reports.

UK - Trustees and pension scheme sponsors should be wary of 'elephant traps' when seeking to de-risk their schemes, Mercer warns.

UK - Credit Suisse has been fined £5.6m (US$10.5m) by the Financial Services Authority (FSA).

UK - Members of defined benefit (DB) pension schemes should expect lengthy delays when seeking to take a cash equivalent transfer value, Punter Southall warns.

CHANNEL ISLANDS - The £1.1bn (US$2bn) States of Jersey Public Employees Contributory Retirement Scheme (PECRS) has made a maiden property investment worth around £14m with an undisclosed manager, according to MandateWire.

EUROPE - ING has posted an underlying net profit of €1.9m (US$2.8m), down 28.8% on the same period last year, its second quarter results reveal.

UK - The Pension Protection Fund (PPF) has intensified its focus on environmental, governance and social (ESG) issues, hiring F&C Investments as an adviser and committing to make public its UK voting records.