Europe

UK - Young workers have started a pensions timebomb, unions warn.

UK - UK's train and underground network could grind to a halt next week after the Rail Maritime and Transport (RMT) union called for a national 24-hour strike over pay and pensions disputes.

UK - Tesco is expected to receive backing from investors for bringing its executive remuneration policy in line with corporate governance best practice.

UK - One in seven people believe they do not need to set aside money for retirement and are relying on the state pension to provide for them.

UK - Management must make more effort to communicate the value of employee benefits or risk low productivity among staff, Towers Perrin claims.

UK - Only 4% of employees are given paid leave to carry out charitable work, a survey by KPMG reveals.

UK - Royal London is to close its face-to-face selling business with the loss of 380 jobs.

UK - Investment banking giant Merrill Lynch is reviewing its strategic plans for its asset management business but is adamant that it will not sell the unit.

UK - Intermediary firm Interdependence has been fined £125,000 by the Financial Services Authority for failing to supervise its IFAs who advised people to cash in their pensions early.

UK - The pension crisis is overstated and most of UK's top companies' pension funds are not underfunded to a point where they threaten the sponsoring employer, according to new research.