Europe

GERMANY/UK - The Deutsche Postbank pension scheme achieved straight-through processing rates of over 99% according to its payment processing supplier JPMorgan Treasury Services.

UK - Final salary schemes are ignoring the minimum funding requirement when calculating transfer values, it has been revealed.

UK - Steel firm ASW could face legal action over its decision to wind-up both its £119m schemes amid claims that one was in a healthy state.

UK - The Volkswagen Group has launched an online system for its 580 UK workers to help it communicate employee benefits more effectively.

UK - Workers at United Engineering Forgings lobbied ministers at the Labour Party's Blackpool conference over the £12m underfunding of their pension fund.

UK - Invesco, part of the Amvescap Group, has hired Patricia O'Loughlin as institutional marketing director.

UK - Unions are urging the government to bolster workers' pension rights and protect final salary schemes.

UK - Pension fund investment has nosedived between April and June despite an overall increase in institutional investment, figures from the National Office of Statistics show.

UK/EUROPE - Pan-European pensions moved one step closer yesterday as the European Court of Justice found in favour of Rolf Dieter Danner.

UK - The NAPF is to release a paper setting out radical proposals for reform of the UK pensions system next week.