Europe

TURKEY/UK - HSBC has renewed its commitment to Turkey following yesterday's terrorist attack after putting its worldwide offices on a high state of security alert.

UK - Blue Investment Fund, a joint venture between Schroders' Gresham Property Partners and Deutsche UK Property Ventures Fund No2, has acquired J Sainsbury Developments as well as four assets from Sainsbury Supermarkets.

UK - Engineering consultancy High-Point Rendel has set up a new-style defined benefit scheme based on "an unusual with-profits structure".

UK - The National Association of Pension Funds has delayed the launch of a new guide which aims to encourage schemes to invest in small companies.

UK - Directors could face "red cards" for breaking corporate governance rules under new proposals from the Financial Services Authority.

UK - Local Authority Pension Fund Forum membership has been boosted by another two councils from Wales.

UK - Running closed final salary schemes is more expensive than keeping them open, the National Association of Pension Funds will claim today.

UK - Schemes will be subjected to a funding standard that could be harsher than FRS17 when the Pensions Protection Fund is introduced, government sources claim.

UK - Government forecasts that only 5000 top earners will be hit by its £1.4m pension cap are way too low, the Conservative Party says.

UK - The National Association of Pension Funds has criticised the Inland Revenue for forcing companies to take contribution holidays.