Europe

DENMARK - PensionDanmarks has reported a bumper first quarter of 2007 as its assets under management grew by 18% to DKK64.2bn (€8.6bn), and its investment return was boosted by large holdings in equities.

UK - The Treasury Select Committee will today hear evidence from the pensions regulator David Norgrove as part of its inquiry into private equity.

EUROPE - The European Parliament has voted on standards to make supplementary pensions transferable between companies and EU countries.

UK - Alliance Boots pension fund trustees have reached an agreement with Kohlberg Kravis and Roberts (KKR) to protect the fund which has been backed by Liberal Democrat MP Jenny Willott.

UK - The Parliamentary Contributory Pension Fund (PCPF) is looking for an investment adviser for its trustees.

UK - Transport for London (TFL) has called the ballot for strike action over the TFL pension fund "extremely premature".

UK - The Pensions Regulator (TPR) has been commended for the announcement that it will issue its first Financial Support Direction to the Sea Containers Ltd (SCL).

UK - Barclays Global Investors (BGI) was dropped from two mandates by the Clwyd Pension Fund.

UK - AXA Rosenberg has scooped a £345m (US$684m) mandate from The Pensions Trust.

UK - The TUC's online tool letting pension fund managers keep tags on asset managers' votes at AGMs may be largely unnecessary for some larger funds.