Just Retirement has announced record enhanced annuity sales of £191.2m in the three months to the end of June, the life assurance group reveals.

Some 16% of workers paying into a pension have reduced or completely halted contributions to their scheme in the last five years, Prudential research reveals.

Gartmore has appointed Leigh Himsworth as head of UK equities.

Losses at airport operator BAA have tripled in the first six months of the year, partly due to a growing defined benefit scheme deficit, its results show.

Losses at airport operator BAA have tripled in the first six months of the year, partly due to a growing defined benefit scheme deficit, its results showed.

US - New Jersey has sued Merrill Lynch for providing misleading information underlying its sale of US$300m in preferred stock to the state pension funds, said state attorney general Anne Milgram.

SWITZERLAND - Transaction costs for trades in the Swiss stock markets dropped 8.92% from the first quarter to the second quarter, according to data released by State Street.

The National Society for the Prevention of Cruelty to Children has announced it will close its final salary pension scheme to existing members.

ITALY - Italy's largest pension fund Fondo Cometa has hired MangustaRisk to conduct what could be the year's largest manager search in Europe.

NETHERLANDS - Horeca & Catering, the Dutch pension fund for the hospitality and catering industry, has hired Vanguard to run a €36m (US$50.8m) US small-cap equity index mandate.