Europe

UK - State Street Corporation has announced it will now provide Paternoster with collateral management services.

UK - Some 40% of people are failing to take advantage of pension contribution matching offered by their employers, according to DC Link's third annual investment survey.

UK - The first online auction for a pension scheme buyout was held this week, using a process developed by Mercer Human Resource Consulting.

UK - The Teesside Pension Fund has announced it is seeking applications for a global custodian.

UK - The London Pension Fund Authority (LPFA) is upping the amount of cash it allocates to forestry.

BELGIUM - Hewitt Associates has been contracted by the Belgian construction sector to develop an administration system for its pension scheme, pensioB.

UK - The National Association of Pension Funds (NAPF) has spoken out on the scandal surrounding chancellor Gordon Brown's controversial 1997 decision to remove tax relief from corporate pension funds.

MALTA - Outlays on pensions have been blamed for the 5.7% increase in social security spending, according to a report by the Maltese National Statistics Office.

UK - The Scottish Public Pensions Agency (SPPA) has awarded pensions software provider heywood an eight-year £7.5m contract.

UK - FTSE 100 pension deficits have hit a five year low, according to a report put out by Deloitte.