Europe

UK - Disgruntled scheme members are causing firms "endless and costly" delays by taking spurious action on wind-ups to the courts, experts claim.

UK - Jupiter is urging people to take advantage of the carryback pensions tax break before the January 31 deadline.

UK - HSBC Actuaries and Consultants has rapped rival firms which push smaller schemes towards generic multi-manager solutions.

UK - Opposition MPs have hit out at the government after it admitted that a report into the near collapse of Equitable Life would be delayed.

EUROPE - Germany is the prime target of action against discriminatory rates of tax on foreign investment funds in Europe, while most EU members continue to block a real single market for funds through differential tax levies.

UK - Smaller firms are putting themselves at risk of bankruptcy by opting to wind-up their pension schemes, industry experts warn.

SPAIN - Spanish consulting firm Novaster has chosen Frank Russell as its ‘preferred provider' of multi-manager products in a move that brings the conflict of interest debate firmly onto continental Europe.

UK - Members of the defunct Restawile Upholstery final salary scheme have been told they will not receive anything from the Pension Compensation Board.

UK/EUROPE - WestAM has launched the WestAM Navigator multi-strategy fund - its second hedge fund.

UK - High earners must be allowed back into the mainstream pensions system to get retirement savings back on track, key industry leaders have told the government.