Europe

UK - AEGON UK posted disappointing Q1 results with a 63% fall in institutional asset management business compared to the same period last year.

UK - The £30bn (US$58.7bn) Universities Superannuation Scheme (USS) has announced a substantial allocation to Climate Change Capital (CCC).

UK - The Strathclyde Pension Fund will be reviewing all its investment managers this year to make sure their strategies are in line with its socially responsible guidelines.

UK - Oxfordshire County Council has reappointed BNY Mellon as custodians of its £1.02bn (US$2bn) pension fund.

UK - With the Treasury putting UK unfunded public sector occupational pension liabilities at £800bn in 2007, calls have been renewed for the government to implement a proposal that could simultaneously plug the deficit and reduce spiralling costs of private...

EUROPE - Benefit cuts could be the only way for pension funds to survive Solvency II legislation, according to Allianz Global Investors (AllianzGI).

FINLAND - Finnish local government pensions institution, KEVA, and insurance company, Etera, have allocated to private equity.

UK - Default options for defined contribution (DC) schemes need to be re-examined to offer the best investment opportunities to avoid a potentially disastrous retirement problem, according to Watson Wyatt.

UK - Over half of the 200 largest pension schemes contributed to an aggregate surplus of £6bn at the end of April 2008 according to Aon.

UK - The EMI pension fund trustees have asked the Pensions Regulator (TPR) to step in and help with talks with its owners, Terra Firma amid suspicions it is looking to buyout the fund.