Europe

UK - Pension Corporation has agreed to relinquish any position on the telent trustee board and influence on fund investment in a deal with the Pensions Regulator (TPR).

DENMARK - The €51bn (US$) ATP fund has announced a radical investment strategy which it says would allow scheme members to benefit from higher guaranteed pensions without increased risk.

UK - Hedge funds will have to comply with best practice standards to win institutional mandates over the next three years, according to a KMPG survey of the country's largest pension funds.

UK - Local authority pension funds have warned Marks & Spencer (M&S) they do not want Sir Stuart Rose as executive chairman.

UK - Buyout firms Paternoster and L&G dominate the UK market with 90% of all business, but industry insiders warn that present trading conditions are likely to be unsustainable in the long term.

UK - The new-look UK Local Government Pension Scheme (LGPS) has been slammed by its members, with one predicting it will have a shelf life of only six years.

UK - The National Association of Pension Funds (NAPF) has appointed members to its benefits and investment councils.

DENMARK - Industriens Pension produced a 0.6% return over 2007, but lowered its member costs by 10%.

UK - The Nottinghamshire County Council (CC) pension fund has announced it is looking for a new actuary.

UK - Over 12,000 people in 41 schemes have been rescued by the Pension Protection Fund (PPF) since its creation in 2005.