Europe

UK - A new pensions consultancy - created from a management buyout of KHPMC Systems - has been launched.

UK - Barclays Global Investors has lost out at the London Borough of Hackney Superannuation Fund following an investment strategy review carried out by Hymans Robertson and Watson Wyatt.

UK - More than 90% of stakeholder pension schemes receive no contributions from employers, a new study shows.

UK - Personal pension payouts are now half that of six years ago, a survey by financial statistics provider Moneyfacts shows.

UK - Trade union calls for employers to contribute 10% of staff salaries to pension schemes have been attacked by the Confederation of British Industry.

UK - Financial advisers will face a powerful challenge from high street banks that transform themselves into financial centres, a report from Datamonitor claims.

UK - Conservatives accused the government of misleading the pensions industry over the number of people receiving means-tested benefits.

US/UK - Enrolling for benefits online continues to be first choice for employees in the US.

UK - Momentum Financial Services has appointed Nicholas Davies as financial services director at its Birmingham branch.

UK - Independent financial adviser Bateman Financial Management has released a book - Pensions Simplified - to help people save for retirement.