Europe

UK - WHSmith is cutting its pension scheme deficit by £120m following the sale of its publishing business Hodder Headline to France's Hachette Livre for £223m.

UK - Financial services providers are ill-prepared for the move towards depolarisation, independent financial advisers warn.

UK - Watson Wyatt has increased the funding levels on its own group pension funds from 86% to 96% over the past year.

UK - The BT Pension Scheme is reducing its equity holdings - despite strong growth last year.

UK - BBC technology workers called off strike action over their pension rights following a revised offer from prospective new owner, Siemens.

UK - Lack of capacity in the annuity market and changes in pension regulation will be the topics for the Society of Pension Consultants' evening meetings.

UK - Standard Life has made changes to its payouts for with-profits savings and investment policies following a mid-year review.

UK - Trustees at Turner & Newell - the UK arm of US auto component manufacturer Federal Mogul - are flying to America to piece together a rescue package.

UK - The Treasury's legal battle with 19 schemes over foreign income dividends will be resolved in the European Court, lawyers close to the case believe.

UK - The UK Social Investment Forum is to publish guidelines for fund managers in a bid to address trustee scepticism of active shareholding.