Europe

UK - The Association of British Insurers (ABI) has urged the Personal Accounts Delivery Authority (PADA) to favour a charging structure for Personal Accounts which combines an annual management charge (AMC) with a contribution charge.

DENMARK - Shorter saving periods and earlier retirement ages could see Danish pensioners hit by inflation, according to PKA which invests on behalf of eight occupational pension funds.

UK - The pensions industry has failed to agree on the best charging structure for Personal Accounts, the results of a consultation into the issue have revealed.

UK - AEGON's director of pensions development Stewart Richie is to retire after 36 years with the company.

UK - Paternoster's business growth of 550% over the past year has helped reinforce sentiment the buyout market continues to gain ground.

EUROPE - The European Federation for Retirement Provision (EFRP) has joined opposition to Accounting Standard Board's proposals to change the way pension fund assets and liabilities are calculated and reported.

UK - The Carbon Disclosure Project (CDP), in collaboration with IT giant IBM, has launched a best practice guide for company managers following a lengthy consultation with industry.

UK - The London Borough of Camden and Buckinghamshire County Council have placed contracts out to tender worth between £880m and £1.3bn (US$1.77bn-$2.6bn).

UK - The National Association of Pension Funds (NAPF) has urged the Accounting Standards Board (ASB) to revise proposals on the financial reporting of pension plans, warning they are likely to further weaken and erode UK defined benefit (DB) schemes if...

UK - The £620m (US$1.23bn) London Borough of Haringey pension fund has appointed Hewitt and Hymans Robertson to provide actuarial services and investment advice.