Europe

UK - Fujitsu Services Pension Fund (UK) has hired Barclays Global Investors (BGI) to run an active global tactical asset allocation (GTAA) mandate for its £1.3 billion pension fund.

UK - Essex County Council may be the first scheme to be investigated by the new pensions regulator, Independent Trustee Services claims.

UK - Straight-through processing specialists have written a new book on the subject.

UK - FTSE has launched an index for measuring the investment opportunities in global hedge funds.

UK - Federal Mogul's refusal to plug its UK scheme's deficit shows the government is powerless to stop foreign firms walking away from pension obligations, experts claim.

UK - Pearl's personal pensions clients will have access to a Prudential annuity when their plan matures, under a new agreement.

UK - Most UK manufacturers say that pension schemes will be unaffordable if there is even a small rise in employer contributions, according to new research.

FRANCE - The e16bn Fonds de Réserve pour les Retraites has appointed an overlay mandate to State Street Global Advisors for a period of three years.

UK - The London Borough of Croydon is increasing employer contributions to its pension scheme to nearly a quarter of staff salaries.

UK - Only half of FTSE100 companies are on track to meet corporate governance standards outlined in the new combined code, research shows.