Europe

UK - Schemes should steer clear of UK government bonds if they want to maintain the real value of their capital and secure a positive real income, AXA Investment Managers warns.

UK - Pensions minister Steve Webb has confirmed that a single flat-rate pension is one of a range of options that will be explored in a green paper to be published shortly.

Towers Watson has expanded its presence in Turkey by establishing a new subsidiary in Istanbul.

Towers Watson, LV=Asset Management, Future Fund, PGGM, Aegon, Hermes, Sandler O'Neill & Partners

UK - Trustees remain wary of making allocations to emerging market debt despite recognising its diversification potential, an Aberdeen Asset Management survey shows.

UK - IT firm Damovo has appointed Goddard Perry Consulting (GPC) to launch and service its new Group Personal Pension (GPP) plan.

UK - Henderson Global Investors has launched a defined contribution (DC) version of its Diversified Growth fund.

AUSTRALIA/EUROPE - Australian fund manager LM Investment Management has launched an income fund investing in Australian property loans for European institutional investors.

GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven days.

EUROPE - European leaders have agreed on a revised bailout package, creating a permanent fund to resolve the debt crisis in the eurozone.