Europe

UK - NEST Corporation has appointed chairmen for its employer and member panels.

PORTUGAL - The country's €78bn ($116bn) bailout package will include cuts to higher pension payments, but left many other pension provisions in place.

UK - Aberdeen Asset Management has seen its profit before tax surge 54% to £142.8m ($235m) for the six months to the end of March.

UK - The UK's biggest defined benefit schemes have knocked £40bn ($65bn) off their deficits over the past year, as stronger equity performance pulls schemes towards full funding, figures show.

Pyramis Global Advisors, Dalton Strategic Partnership, Harmonic Capital Partners, Kempen Capital Management, Mirabaud

EUROPE - European pension funds are increasingly worried about the potential impact of inflation shocks on their portfolios, research by Mercer shows.

UK - The £1.3bn ($2bn) Lancashire County Council Pension Fund is to increase the power of its investment panel in a bid to reach full funding.

DENMARK - ATP's investments brought in DKK6.7bn ($1.3bn) , or 1.7%, in the first quarter, with much of the performance driven by rising oil prices and expected rises in inflation.

EUROPE - Montagu Private Equity has raised €2.5bn ($3.6bn) in its latest mid-market European buyout fund with over 20% of assets coming from pension funds, confirmed director Vince O'Brien.

UK - BAA has shaved a further £37.1m ($61.5m) off its defined benefit scheme deficit, results show.