Europe

UK - The £1bn Environment Agency Pension Fund is urging bond managers to be "imaginative" in their submissions for the £135m mandate it has tendered.

UK - Consultant Watson Wyatt has said that unfunded public sector pension liabilities are around £580bn, over 50% higher than the most recently published official estimate.

UK - "Insensitive" schemes and poor administrators have been lambasted by pensions ombudsman David Laverick.

UK - Tougher rules on pension transfers could lead to parts of businesses being closed down and workers made redundant, employers warn.

UK - The National Association of Pension Funds will be holding its first trustee conference in London, on September 30.

UK - Mellon Financial Corporation is to take full control of Pareto Partners after acquiring the 70% stake in the firm that it did not already own.

UK - Administration provider Capita Hartshead posted strong interim figures with turnover rising to £620m from £532m last year.

UK - Schemes can reduce risk and boost returns by investing in more flexible securities and using interest rate swaps, Britannic Asset Management claims.

UK - High street chemist Boots has given 40,000 employees shares worth a total of £7m for their commitment to "modernising" stores.

UK - Pantheon closed its second global private equity secondaries fund at $900m (£493) after raising cash from more than 60 institutional investors.