THE SWITCH to international financial reporting standards has revealed European banks face "significant financial risks" from their pension liabilities, Standard & Poor's says.

LONDON PENSIONS Fund Authority investment director Suzanne Ross has resigned after only five weeks in her post.

AON CONSULTING is set to merge its group risk, healthcare, flexible benefits and insured defined contribution businesses into a new benefits solutions arm.

ONE MILLION people now belong to a Standard Life administered pension scheme, the life assurer says.

GLOBAL - Fortis Investment Management and Cadogan Management have combined their respective fund of hedge funds (FOHF) activities to create a US$3.7bn stand-alone asset management company, with Fortis the majority shareholder on 70%.

A-DAY boosted sales of individual pensions and annuities at Aegon UK to take nine month earnings to £127m, latest company figures reveal.

UK - The new Companies Bill could create an "unnecessary and costly" burden on pension funds, warned Tim Currell, senior investment consultant at Watson Wyatt.

TRUSTEES and sponsoring employers should consider effective ways to integrate investment strategies to comply with legislation, industry experts believe.

EMPLOYERS must look at introducing innovative alternatives for defined contribution schemes if they want staff to value their pensions, a consultant claims.

DEFINED contribution schemes could face legal action from members who lose savings in default funds, trustees fear.