Europe

UK - Proposed legislation on company reporting will be a "missed opportunity" unless vital changes are made, ministers have been warned.

UK - Members of the Ballast Wiltshier Retirement Benefit Plan - who are set to lose 70% of their benefits - are lobbying the government for pension compensation.

UK - Gaping pension fund deficits at 10 leading firms will deter potential buyers, Lane Clark & Peacock warns.

UK - Less than a quarter of FTSE All-Share company reports give any quantitative environmental disclosures, a study by the Environment Agency shows.

UK - Trustees may face pressure to relinquish contribution rate-setting powers if firms fear their pension schemes are deterring would-be suitors, lawyers claim.

UK - Scheme deficits at 200 of the UK's top firms could be erased in less than two years if markets rise and bond yields improve, Aon Consulting claims.

UK - The National Health Service has appointed Mercer Human Resource Consulting to review pension arrangements.

UK - Companies will enjoy improved industrial relations if they make one-off payments to plug pension scheme deficits, Mercer Human Resource Consulting claims.

EUROPE - A proposed revision to the Investment Services Directive (ISD) is unnecessary and would constrain the investment industry by imposing expensive client reporting standards and removing regulator flexibility in applying requirements, according...

UK - The government has demanded US auto component manufacturer Federal Mogul makes the "maximum possible contribution" to pensions owed to 40,000 UK workers.