Europe

UK - The 6,653 schemes monitored by the Pension Protection Fund reported a surplus of £13.5bn ($21.8bn) at the end of last month, figures show.

Lawrence Gosling asks if the latest departures will mark the end of the Gartmore name

UK - Goldman Sachs has been appointed to carry out a strategic review of beleaguered fund group Gartmore.

UK - Seven Local Government Pension Scheme funds with £9.9bn ($16bn) under management want to establish a framework contract to share actuarial, benefit and investment services to cut costs.

UK - The government has today detailed plans on how the state pension age will rise to 66 by 2020.

NORWAY - The Government Pension Fund Global has made its first investment in real estate since it received the okay to invest in property in March.

FRANCE - Alcatel-Lucent's deficit for its pension and other post employment benefits (OPEB) dropped by nearly 22% to €1.41bn ($1.92bn) over the third quarter.

UK - BT will reduce its scheme liabilities by £2.9bn ($4.7bn) after the government's decision to use Consumer Prices Index to measure inflation, an actuarial review shows.

SPAIN - A Spanish pension bill will go to parliament for approval next year, later than expected, and the government is "open" to modifying its proposal that includes raising the retirement age, Labor Minister Valeriano Gomez said.

UK - Aviva's decision to close its final salary scheme will benefit the company's net asset value by about £275m ($442.6m), figures show.