Europe

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UK - The government could be forced to subsidise the National Employment Savings Trust to the tune of £379m ($606m), European Commission documents show.

EUROPE - DB Advisors could win up to $12bn ($17bn) in money market fund assets from rival Standard Life Investments after SLI's partial withdrawal from the sector over regulatory concerns.

GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven days.

Hermes Fund Mangers explains how the general move towards de-risking, the increased reliance on risk models and the increasing love of complex investment strategies may actually be some of the biggest risks facing schemes today.

UK - The asset management industry "abdicated responsibility" towards schemes during the financial crisis of 2008 and needs to become more responsible towards clients, Hermes says.

BlackRock is preparing to expand its equity income fund range with the launch of onshore global, European, and resources offerings.

EUROPE - The European Central Bank's anticipated interest rate rise is a "largely symbolic" move to make it appear to be tackling inflation, Schroders head of European equities Rory Bateman believes.

IRELAND/UK - IFG Group, which bought UK pension provider James Hay last year, wants to acquire other personal pension managers in Britain under pressure to boost capital, chief executive officer Mark Bourke said.

UK - Former Gartmore star Guillaume Rambourg is looking for another role in fund management following the FSA's decision not to take any formal disciplinary action against him.