Europe

UK - Credit Suisse has launched two liability driven investment (LDI) funds to improve the funding position of defined benefit pension (DB) schemes and offer some protection of the future liabilities.

UK - The Local Authority Pension Fund Forum (LAPFF) has urged members to vote against Royal Dutch Shell's remuneration report amid health and safety concerns.

UK - London Borough of Lambeth treasury manager Harry Musisi has described the removal of Advanced Corporation Tax (ACT) as only one of the causes for pension deficits.

UK - F&C Asset Management has disclosed a drop in its Q1 institutional fund figures to the London Stock Exchange.

EUROPE - The Dutch Association of Pension funds (UVB) and the Slovak Association of Pension Funds (ADSS) have become members of the European Federation for Retirement Provision (EFRP).

UK - The Institute of Chartered Accountants of Scotland (ICAS) has issued guidance to help trustees in their decision-making, spurred on by recent legislative changes.

UK - Standard Life Investments (SLI) has targeted US pension funds in a bid to establish itself in the market.

EUROPE - Fortis Investments has appointed Peter Branner as its new chief investment officer for multi management.

UK - Hewitt Associates has appointed Caroline Allensby-Green to its UK investment consulting team.

UK - Employers are in danger of contributing too much into pension schemes and creating future disputes with scheme members over the application of surpluses, according to research from Aon Consulting.