Europe

EUROPE - The first occupational pensions case to be considered by the Supreme Court, Bridge Trustees v Yates, will begin today.

UK - Fidelity International has created a new defined contribution and Workplace Saving Business to be led by Julian Webb as part of a company restructuring exercise.

EUROPE - The European Fund and Asset Management Association (EFAMA) has elected Claude Kremer as president for a two-year term.

EUROPE- The EU and IMF have reached a deal on Greece which should prevent a default, but will involve a new round of austerity measures for the beleaguered nation.

UK - London hedge fund CQS is delaying planned soft closure for its flagship ABS portfolio to allow prospective pension scheme investors already conducting due diligence on the fund to complete their analysis.

EUROPE - Institutional investors in Europe rank interest rate risk as their biggest concern over the next 12 months, research by Allianz Global Investors shows.

EUROPE - The Association of Consulting Actuaries has urged government to seek further legal certainty on guaranteed minimum pension equalisation because of the £10bn ($16bn) cost to employers.

UK - Threadneedle is set to withdraw from the full service group personal pensions market in a bid to focus on its investment only offering.

Karel Van Gutte has been named as secretary general of the Belgian Association of Pension Institutions (BAPI).

EUROPE - Pension funds could once again retract from securities lending if they are included in European proposals which would tag lenders as ‘short sellers', according to the trade body for securities lenders.