Europe

UK - The London boroughs of Hammersmith & Fulham and Haringey have placed their actuarial services out to tender.

UK - Paternoster has clinched a deal to buy out the Chrysalis Group Retirement Benefits Scheme.

DENMARK - ATP recorded a 5.9% annual investment return of DKK21.3bn (US$4.2bn) before tax over 2007 but lost a considerable amount through its hedging activities.

UK - Hewitt has expanded into "delegated services" following demand from a number of clients.

BELGIUM - Belgium could have an influx of pan-European companies looking to create pension funds in the country if Nestlé's decision to test new laws is successful.

UK - Transition management has become increasingly widely used by pension funds as they have grown aware of its possible benefits.

UK - The UK's Pension Protection Fund (PPF) is to improve its longevity modelling as part of a series of enhancements to its long term risk model.

HUNGARY - AEGON Hungary has bought 100% of the registered capital of UNIQA Asset Management Company and Heller-Saldo 2000 Pension Fund Management Company from UNIQA Insurance Company.

UK - The Association of British Insurers (ABI) has rejected the idea that Solvency II regulations should include pensions, amid fresh rumours the EU is planning to harmonise pensions regulations to stop certain countries having more relaxed rules to attract...

UK -The Pensions Regulator (TPR) is to get greater powers in the emerging pension buy-out market, making it easier to install independent trustees should it consider the interests of scheme members are at risk.