QATARI investment fund Delta Two has terminated its £10.6bn offer to take over the Sainsbury's supermarket chain blaming market turmoil and failure to gain the backing of the pension fund trustees.

INCLUDING: UK - Barings launches 130-30 Fixed Income White Paper, ITALY - New staffers for Cordea Savills in Milan, UK - Gillespie leaves Watson Wyatt; UK - Property appointment at Hewitt

IRELAND - The Pensions Board is considering issuing best practice guidance for trustees, to address a lack of knowledge and potential unwillingness to take on responsibilities.

US - The Jacksonville Police and Fire Pension Board of Trustees has dumped Merrill Lynch Consulting Services (MLCS) as its consultant.

AUSTRALIA - Australia's Labor party will usher in "major" changes to superannuation if it wins this month's election, Nick Sherry, senate candidate for Tasmania and shadow minister for superannuation and intergenerational finance, banking and financial...

THE NEW Pensions Bill has been introduced in the Queen's Speech at the State Opening of Parliament today.

HSBC Actuaries and Consultants is set to hold a series of free breakfast seminars to look at the different risks associated with funding pension schemes, alternative funding initiatives and buy-outs.

UK - Institutional shareholders could be hindered from attending, speaking and voting at company meetings unless urgent amendments are made to the new Companies Act, the government has been warned.

NETHERLANDS - PGGM's board has announced it will split policy-making from administration on 1 January 2008 when it divides into a pension fund and an administrative organisation.

Sainsbury left reeling after Qatar backs out; Risk of not getting it all back; Tory pensions challenge dismays industry; Norwich Union to return £40m