Europe

UK - Gartmore Investment Management is targeting the DC market after opening its flagship retail fund, the Cautious Managed Fund, to institutional investors.

UK - Schemes should be wary of investing in extractive companies because of their failure to manage biodiversity risks, Insight Investment warns.

UK/EC - Fund manager profits will be decimated by EC plans to make them increase their capital reserves, Mercer Oliver Wyman claims.

UK - Close Property Investment and Halifax Bank of Scotland have launched a new commercial property fund, Quartet.

UK - Council employee pension contributions will soar by 50% for new members under new government proposals.

UK - British Airways scheme members fear the airline will demand extra employee contributions to help it plug its escalating FRS17 deficit.

UK - Edis Partnerships has won Investor in People accreditation for the third time in succession following an inspection earlier this year.

UK - Legal & General's operating profit from its UK life insurance and pensions business fell £17m to £260m in the six months to the end of June 30.

UK - Insight Investments has recruited several leading figures from Schroders' fixed income team following Michael Amey's move to PIMCO.

UK - Threadneedle Investments has recruited Simon Bond to its fixed income team.