The Financial Services Authority has asked the industry for suggestions on whether it should apply adviser charging principles to group personal pensions.

Investment consultants are monitoring the transition management teams of BlackRock and BGI - both major players in the UK market - following the announcement of the merger of the two asset management giants.

ITALY/EUROPE - The European Commission has confirmed today it will take legal action against Italy over the country's "discriminatory" provisions on pension age.

The House of Lords Select Committee on Economic Affairs has delivered a damning verdict on government's plans to restrict tax relief on pension contributions for people with incomes over £150,000.

Some 96% of companies are planning changes to their workplace pension schemes, PricewaterhouseCoopers research reveals.

Nine men and two women have been arrested in connection with a suspected tax-relief fraud involving "bogus" pension schemes.

Norgrove offers flexible approach; Lords panel criticises government's plans for pensions tax relief; Savers in DB schemes set to be overtaken by DC alternatives; Pension strains risk decades of social crisis, warns OECD

SWEDEN - Former chief executive of pension firm AMF Christer Elmehagen has agreed to pay back SEK8.6m (US$1.1m) to his old employer in an out-of-court settlement.

US - New York City mayor Michael Bloomberg has signed a tentative agreement with the United Federation of Teachers (UFT) to modify the current legislation on pensions, which will see newly-hired UFT members pay higher pension contributions.

Thames River Capital has won three institutional mandates totalling £30m from SATRA Technology Centre, Gotaas-Larsen and the Armed Forces Common Investment Fund.