Europe

UK - Shell Pensions Management managing director Giles Craven and M&G Investments chief executive Michael McLintock will advise Paul Myners on reforms to investors' pre-emption rights.

UK - People are retiring earlier despite fears over the £27bn pensions savings gap, new research by Aon Consulting shows.

UK - Attempts to close the £27bn a year pension savings gap could cause "irreparable damage" to the economy, a government adviser warns.

EUROPE - A group of major pension funds and fund managers, representing e330bn assets under management, have agreed to allocate 5% of their research budget to extra-financial issues and intangibles.

UK - Britain faces a monumental financial and social catastrophe unless the government and individuals take action to plug the pensions gap, a bank chief warns.

UK - Mobile communications giant 02 is giving employees a voluntary benefits package with discounts of up to 70% on goods and services.

TURKEY - Turkish stocks are expected to provide solid returns this year on the back of EU accession talks and a sustained economic recovery.

UK - First-year calls on the Pension Protection Fund will be four times greater than subsequent years, inaugural chairman Lawrence Churchill predicts.

UK - Pension law firms Pinsents and Masons are set to merge in December to form a top 15 UK law firm with a significant international presence and turnover of £150m.

UK - Firms with final salary schemes have far better staff retention than those which offer money purchase provision, a new report claims.