Europe

UK - The Association for Institutional Multi-Manager Investing is carrying out research to dispel the "myth" that multi-manager funds have two layers of fees.

UK - Schemes bought £276.3m of gilt funds during June - up from the £176.2m in May - new figures from the Investment Management Association show.

UK - Alternative investments specialist Man Investments has launched a capital guaranteed fund-of-hedge funds.

UK - Baring Asset Management (BAM) is urging investors to consider inflation-linked bonds or "directional" investing if they are concerned about the prospects of bond markets.

UK - Firms must tighten ill-health retirement literature to prevent scheme members refusing treatment that could make them well enough to return to work, BUPA claims.

UK - The Greater Manchester Pension Fund's net assets have soared by more than £1.6bn to £6.65bn since last March, new figures show.

UK - Equity markets will come under pressure in coming months due to rising interest rates and higher oil prices, Baring Asset Management warns.

UK - Employers cannot avoid management issues on pensions simply by choosing a stakeholder or group personal pension plan, Watson Wyatt warns.

UK - Scottish Life has introduced online switching to its Retirement Solutions range of group pensions.

UK - Liontrust Asset Management has been dropped from MM Asset Management's UK equity line-up.