Europe

UK - The FTSE4Good Index is of little use to pension funds as a benchmark, claim fund managers.

UK - The Actuarial Profession has appointed Ronnie Bowie as chairman of its pensions board.

UK - A pension scheme has lost its battle to force a bankrupt trustee to repay £437,000 of bad investments which cut members' benefits by half.

UK - Sweeping reforms on the way auditors operate are being introduced by the government to help restore investor confidence in equities.

UK - Trustees will face member compensation claims if they fail to monitor the performance of their DC providers continually, Mercer Human Resource Consulting warns.

UK - The Department for Work and Pensions' (DWP) plans to make a third of all trustees member-nominated have been scrapped in light of the Pickering Report.

UK - Plans to broaden the scope of taxes on property investments will be another "damaging blow" for pension schemes, the Association of Chartered Certified Accountants warns.

UK - Banks face legal action from thousands of female workers who say they were tricked into swapping their pensions for cash lump sums.

UK/US - UK-based fund of hedge funds Market Wizards has seen gains of over 5% in the first seven months of this year.

UK - Prudential has completed the outsourcing of its defined benefit administration business, handing JLT Employee Benefits Group 15 blue-chip clients.