Europe

UK - State Street Global Advisors is to expand its hedge fund range with the launch of global fixed income and currency hedge funds aimed at pension funds.

UK - Closed final salary schemes have become "ticking time bombs" for firms and many will have no choice but to reopen them, experts claim.

EUROPE - Barclays Global Investors has won two exchange traded funds (ETF) previously sponsored by Merrill Lynch in the first signs of consolidation in the saturated European market.

UK - Butterfield Private Bank is targeting the pensions market with a range of banking services for trustees and fund managers.

UK - Caterpillar is installing a new internet facility for members of three of its pension schemes to replace traditional administrators.

UK - Tomorrow's pensioners will not "put up and shut up" over pension issues, Age Concern has warned the government.

UK - Charterfield Asset Management has sold College House - the retail/office building overlooking Bristol Cathedral - for nearly £3m.

ITALY - Supplementary Italian pension funds registered positive returns for the first half, reported COVIP the Italian pensions supervisory body.

UK - Almost half of all workers are planning to postpone their retirement for fear of poverty in retirement, a new report claims.

UK - Actuaries are giving the largest pension schemes "good value for money", a snapshot survey by IPN's sister publication, Professional Pensions, reveals.