Europe

UK - HSBC Republic Investments is looking to offer its hedge funds to the DC market, claiming scheme members are tired of traditional managers' poor performance.

UK - Pensions ombudsman David Laverick is urging the government to set up a central discontinuance fund as mooted in its Green Paper.

UK - The shift from final salary to defined contribution provision continues unabated, the latest JPMorgan Fleming Defined Contribution Industry Survey reveals.

NORWAY - Mercer Investment Consulting has recommended that the Norway's NOK682bn (e86.4bn) Government Petroleum Fund (Statens Petroleumsfond) review its tactical allocation and currency overlay strategies.

EUROPE/UK - Northern Trust Global Investments Europe (NTGIE) has appointed Stephen Watson as portfolio manager to its active international equities team in London.

UK - Projections on the returns of with-profit annuities are misleading and should be revised in accordance with current market conditions, warns The Annuity Bureau.

UK - There is "no room for error" in DC administration, DC Solutions head of business development Ian Buchan claims.

UK - Trustees have been warned about the extra Data Protection Act burdens they face when running DC schemes.

UK - Schemes are set to clash with supermarket giant Tesco over its poor corporate governance record at its upcoming annual general meeting.

UK - Mercer Human Resource Consulting is to provide pensions management and administration services to the £300m group pension scheme for international aviation and materials technology company, BBA.