Europe

UK - Charlemagne Capital's OCCO Global Emerging Markets fund has raised $18m (£9.7m) in its first month.

UK - Scrapping tax credits, which have stripped schemes of £24.5bn in the past seven years, has not had an impact on their funding, the government claims.

UK - Scheme administration software specialist Profund Systems has called in business recovery experts.

UK - THE Pensions Management Institute has launched a code of guidance for independent trustees in a bid to boost industry standards.

UK - Standard Life Investments has added a new range of manager of manager (MOM) pension funds in conjunction with Wilshire Associates.

UK - British Airways has warned staff that going on strike would "seriously damage" the company as it is struggling under a large pension deficit.

UK - The £1.2bn Environment Agency Pension Fund is tendering for managers to run mandates worth £400m, in a move from balanced to specialist investment management.

UK - The government has rejected amendments to the Pensions Bill that would allow it to provide financial assistance to the Pension Protection Fund.

UK - Scottish Widows has cut approximately 40,000 with-profits policyholders' annual bonuses by up to a third.

UK - WHSmith's pension scheme trustees have slashed the deficit payment that private equity manager Permira will have to make if it renews its bid for the retailer.