Europe

UK - The BMW UK Operations Pension Scheme has insured £3bn (US$4.6bn) of its liabilities with Deutsche Bank subsidiary Abbey Life.

UK - Trustees at the Cadbury Pension Fund have sought to reassure scheme members in the wake of US-food company Kraft's takeover.

UK - A new batch of regulations could allow the unguaranteed part of the BT Pension Scheme to fall into the Pension Protection Fund, a lawyer said.

UK - Trustees who breach tough new data protection powers could face fines of up to half a million pounds, lawyers warned.

Giovanni Legorano investigates the increasing trend for US law firms to seek security class action business in western Europe

UK - Readers Digest UK has plunged into administration after The Pensions Regulator vetoed an agreement to settle its long-standing pension scheme liability.

US - Food giant Kraft has announced it will freeze its US pension plans for current salaried and non-union hourly employees from December 31, 2019, according to Securities and Exchange Commission filings.

UK - Jack Inglis, chief executive officer of institutional asset manager Ferox Capital Management is to leave the convertible bond specialist he joined in 2007.

UK - Legal & General has officially entered into the longevity insurance market.

UK - Some £7.8bn (US$12.3bn) of pension scheme risk transfer deals were completed in 2009, despite challenging financial landscape, analysis from Hymans Robertson revealed.