EUROPE - AEGON has entered into an agreement with Ergo Hestia to purchase a 100% stake of pension fund management company PTE Ergo Hestia in Poland.

Pensions black hole may be £40bn higher; Standard Life sales reap benefits of A-Day; Axa vetoes UK acquisition; Axa vetoes UK acquisition; Full pension for millions more women

TRUSTEE liability insurance should be made mandatory by The Pensions Regulator, a new report recommends.

Reforms in US pension accounting standards are set to lead to tougher restrictions on how publicly-listed UK firms report their pension position.

GLOBAL - Watson Wyatt Investment Consulting revenues grew 36% in its first quarter financial results compared to the same time period last year.

THE BANK of England has raised interest rates by 25 basis points to 5pc in a bid to reduce inflation.

THE PENSIONS Regulator has finalised and laid before parliament its code of practice on the "modification of subsisting rights", which is says provides greater flexibility to modify scheme rules.

ASSETS under management at Man Group rose by $6.9bn (£3.6bn) to $56.8bn (£29.9bn) during the six months to September 30, 2006, latest company figures reveal.

RESOLUTION Asset Management has launched two new long only funds focusing on global and European emerging markets.

US - The US$14bn Teachers' Retirement System of Louisiana (TRSL) posted a 14.3% market rate of return on its assets for the fiscal year ending 30 June 2006.