Europe

UK - The £430m Northumberland County Council Pension Fund has dropped Bank of New York (BoNY) and Schroder Investment Management (SIM) as its custodians.

UK - A massive shortage of qualified and experienced staff is boosting salaries in the pension industry, a new survey shows.

UK - The regulatory regime surrounding the presentation of past performance in advertising is in need of major change, according to a task force - including industry and consumer representatives - set up by the Financial Services Authority to examine...

UK - Pension funds should not take precipitate action in response to current market volatility, consultants William M. Mercer has warned.

UK - The £2.7bn Marconi pension scheme has appointed ABN Amro Mellon as its global custodian.

UK - Alternative investments will become increasingly important to local authority pension schemes, delegates heard at the Local Authority Pension Fund Alternative Investment Conference in London.

UK - A government service which enables pension schemes to provide a forecast of state benefits for members will be officially launched at The Pension Show.

UK - A one-off payment to the dependant of an SAS soldier killed on duty has averted a test case on pension sharing for non-married partners.

UK - Charles Russell law firm has appointed solicitor Kris Weber as associate with overall responsibility for the firm's pension practice.

UK - Pension funds are being urged to transfer assets from equities to cash in the wake of big falls on world stock markets.