Europe

UK - The £93m Open University Superannuation Scheme has merged with the £20bn Universities Superannuation Scheme.

UK - Claims by the top four accountancy firms that a liability cap is needed to protect them from lawsuits have been dismissed by the Office of Fair Trading.

UK - Payouts to scheme members who lost benefits due to dishonest management dropped by more than half last year.

UK - Investment banking giant ABN Amro is setting up a life and pensions advisory group.

UK - Companies have been warned to resolve uncertainties over pension benefits or face a KPMG-style ruling which left the accounting giant responsible for a massive shortfall.

UK - Over 90% of IFAs believe moving to fee-based structures is essential or important to the success of their business, a new survey shows.

UK - Online stock trader ITG Europe has reported a £1m increase in first half revenues to June 25.

UK - Scheme wind-ups are facing costly delays because the department for work and pensions is focusing resources on the Pensions Bill, lawyers claim.

UK - The pensions ombudsman is to publish a short guide on the general principles behind his determinations.

UK - United Airlines' decision to suspend pension contributions while operating under bankruptcy protection in the US will affect 600 workers in the UK.