Europe

UK - The £67bn Local Government Pension Scheme is facing the ‘most radical overhaul since its inception in 1926'.

FINLAND - Major reform of the Finnish pension system to be introduced next year is not sufficient to counter the effects of imminent population ageing on the country's economy, says the Organisation for Economic Co-operation and Development (OECD).

UK - Pensions Commission chairman Adair Turner has warned ministers there are no easy solutions to the UK's pension problems.

UK - Mercer Human Resource Consulting has flagged a plan to overhaul the UK pension system, ahead of a review of the system due to be published on October 12.

UK - The government is in danger of shooting itself in the foot over its plans to ban upward-only rent reviews, says the Society of Pension Consultants.

UK - Local Government Pension Scheme members are prepared to strike over plans to increase the schemeís retirement age from 60 to 65, Unison warns.

UK - Investment Solutions Limited (ISL) has announced the launch of an institutional property fund, believing this is a first for a manager-of-managers in the UK.

UK - More than 40% of the UKís top pension scheme managers think their trustees are incapable of fully carrying out their roles, new research shows.

UK - Jagger & Associates has been appointed as investment adviser to the £20m Principality Building Society Pension Scheme.

UK - The £900m Dorset County Pension Fund has allocated 5% of its portfolio to hedge fund investments following a review of its investment strategy.