Europe

UK - The Financial Services Authority is considering plans to close its final salary scheme in November.

UK - Removing "prescriptive" layers of regulation in a new Pensions Act will create confusion among scheme trustees, lawyers warn.

UK - Consignia's £15.7bn pension schemes have a £2bn deficit against an FRS17 surplus of £72m in March, a City analyst estimates.

UK - Financial services giant AMP has praised Pickering's report but calls for further changes.

UK - Poor practice on socially responsible investment is the norm at leading pension funds, a report by pressure group Just Pensions claims.

UK - Lend Lease Real Estate Investments has won six new pension scheme clients.

UK - Special Metals Wiggin is resuming contributions into its £72m pension fund after a 14-year contribution holiday in a bid to correct a £9m deficit.

UK - Mercer Human Resource Consulting has made several senior management changes in its retirement practice.

UK - The Annuity Bureau has published a guide to all annuities available in the UK.

UK - Insurers believe a new tax credit is needed in addition to Pickering's plans if the pensions savings gap is to be closed.