Europe

BENELUX/FRANCE/GERMANY/ITALY - Nearly one quarter of institutional investors are dissatisfied with the performance of their asset managers, according to the latest European Institutional Asset Management Survey (EIAMS) by Invesco.

UK - Equitable Life's massive hike in exit penalties has killed hopes that members' cash can be transferred out, J Sainsbury Pensions Scheme manager Geof Pearson claims.

UK - Pension funds should not blame the abolition of Advanced Corporation Tax (ACT) for poor investment returns, an analyst argues.

UK - Companies are closing their schemes to new members safe in the knowledge that they can be easily wound-up within five years, consultants claim.

UK - People are treating the "pensions crisis" with apathy rather than concern, research by IFA Charcoal shows.

UK - Schemes are running up unnecessary consultant costs due to their trustees' lack of investment knowledge, Baring Asset Management claims.

UK/US/EU - Despite recent scandals around corporate misconduct, long-term confidence in US equities remains high, according to a survey from Cubitt Consulting.

UK - Financial solutions specialist Impartial has launched a booklet to help people with pension plans make the best choice when taking their retirement benefits.

UK/US/EU - Despite recent scandals around corporate misconduct, long-term confidence in US equities remains high, according to a survey from Cubitt Consulting.

UK - Railworkers' union RMT is to meet the £14bn Railway Pension Scheme over concerns at funding deficits within the scheme.