NETHERLANDS - Dutch pension fund PME could be forced to cut pensions by up to 10% next year in order to meet the 105% funding level required by the government, the scheme has confirmed.

FRANCE- BNP Paribas believes Fortis shareholders who blocked its acquisition of the troubled bank have changed their stance and BNP will be able to successfully negotiate a deal by the March 6 deadline.

Tesco is set to increase payments to its pension scheme by an extra £4m a year to plug a deficit of £275m.

ITALY - The Italian government has laid out a draft law to increase the retirement age of women from 60 to 65 years old.

UK - Television company ITV is set to begin consultation with trustees and staff over possible changes to the defined benefit sections of its pension scheme.

TRUSTEES lack confidence in their own abilities to negotiate and their advisers, a survey by Independent Trustee Services shows.

ITV is set to begin consultation with trustees and staff over possible changes to the defined benefit sections of its pension scheme.

CONTRACT based defined contribution schemes in the FTSE100 provide excessive investment choice compared with trust based DC alternatives, a Watson Wyatt survey reveals.

Independent financial advisers can play a crucial role in keeping company pension schemes out of the Pension Protection Fund, Occupational Pensions Trust says.

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