Europe

DENMARK - ATP investment chief Bjarne Graven Larsen is leaving the Danish pension fund to join FIH Erhvervsbank as chief executive officer.

EUROPE - In 2011 the danger is the Euro system will put too much pressure on too many weaker countries and economies.

UK - Public sector final salary schemes should be scrapped and replaced with a career average alternative, the National Association of Pensions Funds says.

SPAIN - Spain's pension overhaul will be "as ambitious" as the government's initial proposal, which included an increase in the retirement age, Prime Minister Jose Luis Rodriguez Zapatero has said.

UK - The Pension Protection Fund has recruited four new managers alongside its existing manager to develop its globally diversified real estate strategy.

UK - A pensioners' association is challenging BAE Systems' decision to switch their pension indexation from RPI to CPI.

EUROPE - Pimco, the world's largest bond fund manager, has called on Greece, Ireland and Portugal to step outside the eurozone temporarily and restructure their debts unless the currency bloc agrees to a radical change of course.

FRANCE - Fonds de reserve pour les retraites (FRR) has put a series of fixed income mandates out to tender.

SPAIN - Spain needs an "urgent" overhaul of its pension system and may have to raise taxes to tame the euro-region's third-biggest deficit and avoid a jump in corporate borrowing costs, the Organisation for Economic Cooperation and Development said.

UK - Gartmore has confirmed it has received a takeover bid from Henderson Global Investors.