Europe

UK - Express Newspapers and Telegraph Media Group have accused each other of being "irresponsible" as the dispute over the West Ferry Printers' Pension Scheme deficit continues.

UK - Personal Accounts may not increase pension saving to the extent the government hopes as employers opt out of current schemes in response to the reforms, according to a report from the Pensions Policy Institute (PPI).

INCLUDING: NORDIC - Northern Trust strengthens Nordic team; UK - Henderson adds to SRI team; INDIA - Cordea Savills and Nichani Group in joint venture; UK - Barrie and Hibbert head appointed; UK - Mercer establishes South West presence

EUROPE - Applying Solvency II legislation to pension funds would be inappropriate and unnecessary, according to speakers at the European Pension Funds Congress in Frankfurt yesterday.

UK - The Pensions Action Group has said its all-night vigil outside Downing Street last night was successful, with both the minister for pensions reform Mike O'Brien and shadow work and pensions secretary Chris Grayling making an appearance

UK - According to reports, trustees of the BT Pension Scheme have considered implementing a new business plan for Hermes, the fund's spin-off investment business, which will be announced later this month.

EUROPE - The implementation of the Institutions for Occupational Retirement Provision (IORP) Directive has caused "significant impact" across the EU, according to the European Federation for Retirement Provision (EFRP).

NORWAY - The impact of market turmoil on Norwegian Government Pension Fund - Global returns in Q3 has been offset by rising bond prices.

EUROPE - France, Germany and Hungary are feeling the effects of industrial action as railway workers across the continent continue to stage strikes in protest over pension reforms in separate, albeit strongly related, incidents.

UK - Recommendations in today's Walker Report on private equity have been welcomed by industry bodies, but described as a "diversion" by the union Unite.