Europe

UK - Watson Wyatt is urging the government to scrap contracting-out and increase the age of retirement to 67.

EUROPE - Tax harmonisation - the key to cross-border pension schemes - is high on Europe's agenda for next year.

UK - The £5.6bn Greater Manchester Pension Fund admits it needs to improve transaction fee monitoring and create more explicit mandates for internal managers.

UK - Isis Property has completed the letting of an office development at the Great West Plaza office park in Middlesex to the food manufacturer Hebatco International.

UK - Schemes should retain their investments in the technology sector as they will recover in value, Standard Life Investments believes.

UK - Employees do not trust anyone to keep their word on pensions, opinion research agency YouGov claims.

UK - Publishing group Trinity Mirror will close its three final salary pension schemes to new members from the beginning of next year.

UK - Management systems provider MacGregor has agreed an access deal with NeoNet's electronic trading network.

UK - Isis Asset Management claims its multi-manager funds have "significantly outperformed" their respective peer groups.

UK - Engineering giant Invensys has been accused of being "economical with the truth" over its true FRS17 position.