Europe

UK - Lehman Brothers UK pension fund has entered the Pension Protection Fund's (PPF) assessment period.

UK - The majority of UK pension schemes have selected emerging Asia as the region with the biggest potential for equity gains over the next 10 years, a study by Baring Asset Management has revealed.

UK - The Merseyside pension fund dipped in value this year by -1.3% to £4.26bn (US$7.5bn), its annual report reveals.

UK - A draft code of conduct setting out how the Pensions Regulator will use powers designed to curb pension scheme abuses has been cautiously welcomed by the industry.

EUROPE - A better legal framework should be considered for European private pensions, the European commissioner for social affairs has said.

UK - Trustees must respond to the threat of corporate insolvency and should consider their exposure to counterparty risk, Mercer warns.

UK - HM Revenue & Customs will try and block a test case launched by the National Association of Pension Funds and the Wheels Common Investment Fund.

UK - MPs tabled amendments to the Pensions Bill today that would introduce measures to protect the benefits of pension scheme members.

UK - Trustees should assess their statement of investment principles (SIP) and be prepared to make changes to their portfolio to remain compliant with policy, Buck Consultants says.

UK - More than £14bn (US$24bn) worth of assets flowed into liability-driven investment (LDI) and other hedging strategies in Q3, according to MandateWire.