Europe

UK - The Occupational Pensions Regulatory Authority has backed away from plans to allow trustees to halt wind-up procedures.

UK - Around 40,000 workers at Turner & Newell who are facing massive cuts in their benefits may be covered by the government's financial assistance scheme.

DENMARK- A government committee appointed to make recommendations on efficient corporate governance in Danish labour market pension funds has unexpectedly backed the role of social partners on the boards of pension funds.

UK - The Medical Protection Society Pension fund has appointed State Street Global Advisors (SSgA) to provide custody and transition management services for portfolios worth £460m.

UK - Jarvis Investment Management's first half turnover soared 80% - rising from £704,000 to £1.2m.

UK - The sea-change in pension design which accounting standard FRS17 triggered in the UK is set to be repeated throughout Europe, Watson Wyatt claims.

UK - Pension funds concerned at low growth prospects for the FTSE100 are being targeted by an index fund launched by Nvesta.

UK - Equity increases have boosted J Sainsbury Pension and Death Benefit Scheme assets from £1.8bn to £2.1bn.

UK - Royal & SunAlliance has withdrawn completely from the UK life and pensions market after selling its operations to Resolution Life for a total of £850m.

UK - A new service which allows foreign workers in UK companies to scrutinise offshore trust providers has been launched by Global Wealth Management.