Europe

UK - Alan Pickering's long-awaited Simplification Review will fail to stem the tide of defined benefit scheme closures because "it is not radical enough".

UK - Pub and brewing group Greene King is to automate its employee benefit system using 4th Contact's software.

UK - Most people are unwilling to take personal responsibility for their retirement income, a survey by Hewitt Bacon & Woodrow reveals.

UK - Pensions scheme activism would affect corporate governance more than increasing the role of non-executives, a Pensions Investment Research Consultants'.

UK - Compensation worth £11.8bn will be paid to 1.7 million people who have been victims of pensions mis-selling.

UK - The Communication Workers' Union is urging the BT and Consignia pension schemes to increase their commitment to socially responsible investment.

UK - Law firm Reynolds Porter Chamberlain has published an "easy read" legal guide to pensions and financial services.

UK - Comments about underperformance stock-picker funds in the Sandler Report has sparked criticism from the Investment Management Association (IMA).

UK - Standard Life has launched two pension products which offer customers greater flexibility in paying contributions.

UK - Hermes Asset Management chief executive Tony Watson is to be the keynote speaker at accounting group Horwath Clark Whitehill's annual pensions lecture.