Europe

UK - Scottish Life is slashing terminal bonus rates on its with-profits funds due to the poor performance of equities over the past five years.

UK - Pensioners have renewed their calls for scheme members and trade unions to receive annual reports from pension funds. The Occupational Pension-ers' Alliance - the UK's largest pensioner group - believes members and lobby groups should be kept up-to-date...

UK - State Street Corporation has won mandates with UK local authorities the London Borough of Havering and the London Borough of Greenwich together worth £750m.

UK - Barclays Global Investors (BGI) is planning to launch four new exchange traded funds in the UK, covering Asian and European mid and small-cap sectors.

SCOTLAND - Mercer Human Resource Consulting has been reappointed actuary and consultant for the Trustees of the University of Glasgow Non-Academic Staff pension scheme.

UK - Government plans to increase member-nominated trustees to 50% will distract from providing real measures to restore confidence in pension schemes, Mercer Human Resource Consulting claims.

UK - The Confederation of British Industry has been accused of being "mean and schizophrenic" for trying to cut pensions for transferred staff.

EUROPE - One in three European funds are looking to adopt a new approach to asset allocation, a survey by JPMorgan Fleming has found.

UK - While the bond market is expecting a pronounced slowdown in global growth, there is enough momentum in the upturn for interest rates to continue to rise and drive bond yields higher, says Investec Asset Management.

UK - Lincolnshire County Council is tendering for an investment manager to look after its £120m global equities portfolio.