Europe

UK - Financial adviser Heath Lambert Group has promoted Mike Bruce to chief operating officer in the UK.

UK - More than 300 Northern Ireland scheme members face massive cuts in their pensions after their firm - majority-owned by the Irish government - closed down.

UK - Railpen Investments, the £12bn Railways Pension Scheme's in-house fund manager, has hired Mellon European Fund Services to provide investment accounting services.

UK - Credit Suisse Asset Management has appointed David Jones as vice-president, institutional marketing.

UK - Pension funds are being urged to "consider carefully" any investments in genetically modified food producers after a major player had its credit rating slashed.

UK - Employers have been warned to brace themselves for an angry backlash from staff when they see how falling markets have hit their retirement pots.

FRANCE - French bank BNP Paribas is poised take advantage of the growing hedge fund sector with the launch of a new prime brokerage service.

EUROPE - Standard Life has launched what it says is a low risk bond fund triggered by continued investor demand for credit.

UK - Ministers are putting their "head in the sand" over the pensions crisis, the Conservative Party claims.

UK - Nearly 20% of people have never paid into a pension scheme, research by Royal Liver Assurance reveals.