Europe

EUROPE - Some of Europe's big name fund managers could find themselves on the market as the industry braces itself for dramatic profit slumps, according to a new report by strategy consultants Oliver, Wyman & Company and investment bank UBS Warburg.

UK - Scottish Equitable is urging the government to improve contracting-out rebates to give people a clear incentive to move away from the state pension scheme.

UK - Pension funds are urging the government to take a more proactive approach in educating FTSE companies on the importance of recruiting good independent directors.

UK - Packaging giant Rexam may be forced to end its pension scheme contribution holiday after surpluses have plummeted to £15m.

UK - A guide book to help people learn more about pensions has been published by the Pre-Retirement Association.

UK - Prominent pension lawyers have attacked the ombudsman over his decision to no longer stand by his determinations in court.

UK - Twenty-one Gurkhas will take their fight for the same pension rights as British soldiers to the High Court next month.

UK - Independent trustees at the now-defunct Restawile Upholstery scheme are looking at whether cash in a staff scheme was used to fund directors' pensions.

UK - Actuarial and consulting firm Barnett Waddingham is holding a series of seminars from September 18 until April 23.

UK - A minute-long silence will be held on September 11 to mark the first anniversary of the terror attacks on the World Trade Centre.