Europe

UK - Accountancy giant Ernst and Young is introducing pension salary sacrifice for its staff from January 1.

UK - The Lords have criticised the government over the increasing size and complexity of the Pensions Bill.

UK - The government has denied the Pensions Bill will be scrapped to make way for new laws to ban fox hunting.

UK - Russell/Mellon has added 15 new European and 11 new global product groups to its AMI asset manager database.

UK - Scottish oil exploration firm Cairn Energy has replaced Bradford & Bingley as part of the FTSE100, following a quarterly review of the index's component parts.

UK - Trade unions have warned of more strikes to defend pension benefits unless the government takes "radical action" to halt the growing crisis.

UK - The pension shortfall at defence and aerospace giant BAE Systems jumped by £500m in the first half of this year to £2.6bn.

UK - Law firm Hammonds is holding a series of courses on trustee essentials and responsibilities.

UK - The Pension Protection Fundís guarantees are worthless unless the government underwrites them, the Lords heard.

EUROPE - Swedish insurance giant Folksam has appointed Northern Trust global custodian for all of its US$17bn (e14bn) in insurance assets and mutual funds.