Europe

UK - The £700m Cambridgeshire County Council Pension Fund has awarded a £85m property mandate to Schroder Investment Management.

UK - The new pensions regulator will cost at least £6m a year more than the existing Occupational Pensions Regulatory Authority, the House of Lords has been told.

UK - Bedlam Asset Management's global equities fund has returned 7.5% for the year to June 30, compared to the MSCI World Index, which returned 0.5%.

UK - The £1bn Environment Agency Pension Fund is looking to hire a transition manager to assist it with implementing changes to its investment strategy.

UK - Nearly 40% of firms which ran open final salary schemes have closed them to new entrants in the past two years, a Watson Wyatt survey shows.

UK - The Armed Forces Pension Scheme is being forced to pay a claim backdated 42 years to a serviceman who fought in the Second World War.

UK - Many trustees are unaware their powers will be weakened "significantly" by new requirements for setting funding rates, an independent trustee firm claims.

UK - Amendments to the Pensions Bill will give the pensions regulator more power to crack down on the illegal "trust busting" of schemes.

UK - Rating agency Standard & Poor's believes its new pension service is on the brink of its first client win.

UK - Brown Shipley has appointed Kevin Doran as chief investment officer.