Europe

UK - Administrator Deloitte & Touche has criticised unions and MPs for exaggerating the size of ringfenced pensions for directors at beleaguered bus manufacturer Mayflower.

UK - High net worth individuals are being targeted by property firm GuestInvest with a "buy-to-let" hotel scheme as an alternative to traditional pension investment.

UK - Insurance and fund management group HHG's losses more than doubled last year to £864m due to its separation from its former parent company, AMP.

ITALY - The Autorità per l'energia elettrica e il gas, the Italian regulatory authority for electricity and gas is tendering for a manager to run an open pension fund for its employees.

UK - Credit ratings on sovereign bonds will plummet by the end of the decade unless governments tackle the effect of ageing populations, Standard & Poor's claims.

UK - Credit Suisse Asset Management has launched a target return fund.

UK - Employee benefits consultant Jardine Lloyd Thompson and law firm Osborne Clarke are hosting a breakfast seminar on the Pensions Bill.

UK - Schroder Investment Management has closed its second private equity fund of funds to new investors after raising e285m (£187m), beating its target of e250m.

UK - The £26.6bn BT Pension Scheme and the £12.8bn Royal Mail Pension Plan have invested a total of £51m in Henderson Global Investors' UK Shop Fund.

UK - Consultant Lane Clark & Peacock has expanded its employee benefits practice with the launch of a dedicated pensions fund administration consulting unit.