Europe

UK - The £3.17bn Diageo Pension Scheme has named Michael Glasgow as replacement for outgoing pensions and benefits director Steve Mingle.

EUROPE - European equities will outperform government bonds by more than 4% per annum over the long-term at current prices, Schroders predicts.

UK/EUROPE - The UK has "got off lightly" from European Commission moves to reform tax relief on pension payments, industry experts claim.

UK - Actuarial firms could be forced to backtrack on their limited liability arrangements following proposed changes to trustee law, lawyers warn.

UK - Insurers' pension scheme deficits pose a further challenge to their financial security, Fitch Ratings warns.

UK/EUROPE - The UK has "got off lightly" from European Commission moves to reform tax relief on pension payments, industry experts claim.

UK - Leading actuary Watson Wyatt has been accused of damaging the profession's credibility after valuing the BT Pension Scheme deficit at just £1.5bn.

UK - National Custodian Services (NCS), formerly known as Clydesdale Corporate Investor Services, been appointed as global custodian to the £160m Royal Borough of Kingston upon Thames Pension Fund.

UK - The value of the top 100 UK pension schemes has dropped by more than £26bn in the past year.

UK/EUROPE - The private equity sector is saturated and on the verge of collapse after 12 years of booming growth, Alt Assets warns.