Europe

UK - Federal Mogul has criticised the independent trustee of the Turner & Newell pension scheme for rejecting a $130m (£71m) offer to top-up the fund.

UK - Rexam, the world's largest beverage can maker, has cut its global pension fund deficit by £51m to £332m.

UK - The pensions ombudsman has hit back at the government for refusing to grant him wider powers than the High Court.

UK - The Society of Pension Consultants is backing moves to make takeholder pension advice simpler and quicker.

UK - Law firm Wragge & Co is holding a series of pension training sessions throughout September and October.

UK - Merrill Lynch Investment Managers (MLIM) has appointed Jeff Morton (pictured) as fund manager on the MLIM real estate team.

UK - The Financial Services Authority has withdrawn authorisation from 19 firms over the year to June 30 for failing to correct serious failings.

EUROPE - Stichting Flexibel Uittreden Nutsbedrijven (Sfn), the e390m pre-retirement fund of the Dutch utility sector, has awarded Barclays Global Investors (BGI) a e175m balanced mandate.

UK - Unions are seeking urgent talks with trustees amid fears that Grampian Foods is planning to wind up its final salary pension plans.

EUROPE - The City of Stockholm has awarded a e8m global equity social responsible investment (SRI) mandate to Edinburgh-based Scottish Widows Investment Partnership (SWIP).