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EUROPE - The €750bn (US$970bn) European rescue package is a positive short-term fix, but does not provide the structural changes needed to make pension funds and other investors fully comfortable with European sovereign credit, asset managers said.

EUROPE - The €750bn (£642bn) European rescue package is a positive short-term fix, but does not provide the structural changes needed to make pension funds and other investors fully comfortable with European sovereign credit, asset managers say.

Labour and Liberal Democrat proposals to restrict tax relief on pension contributions have been branded "unfair" by the Institute for Fiscal Studies.

GLOBAL - Nearly 18% of our respondents said they have tried recently to move their passive assets away from market-cap weighted indices.

Concerns over public sector pensions were ignored during the three party leader debates ahead of the election, Axa says.

More than a quarter of providers believe they have no duty to tell customers about their retirement options, because the sole responsibility rests with advisers, research suggests.

DENMARK - Danish fund manager ATP posted a DKK10.5bn (US$1.2bn) profit on its investments and hedging activities in the first quarter, with a large chunk of investment returns coming from domestic equities.

The current Norwegian pension system is to be replaced by a new system in 2011, but will it solve the problems, or create new ones? Alison Swersky reports

Alison Swersky speaks to Norway's finance minister Sigbjørn Johnsen about the Ministry of Finance's decision to limit active risk within the Government Pension Fund Global

Norwegian pensions have tended to adapt a careful approach to investment but following the financial meltdown, has this proved successful? Giovanni Legorano reports