Europe

UK - Workers who lost their pensions when their firms collapsed are close to winning support for compensation from a majority of MPs.

UK - Mail-order giant Otto UK is merging the pension schemes of two of its catalogue publishing arms - Grattan and Freemans.

UK - Clerical Medical has launched a new suite of fund collections for IFAs aimed at reducing risk and diversifying pension scheme portfolios.

UK - DC contribution levels are being "disastrously underestimated" by scheme members, experts warn.

UK - An £87m bonus will be shared by 59,000 employees of John Lewis Partnerships after sales exceeded £5bn for the first time.

UK - A £2.1bn FRS17 deficit in BAe Systems' final salary scheme has been revealed after an actuarial valuation by Aon Consulting.

UK - Actuaries are considering a formal merger of their two representative bodies.

UK - Reuters could face a backlash from institutional investors over the disclosure of its chief executive's remuneration package, corporate governance experts claim.

UK - The Electricity Supply Pension Scheme is lobbying against plans to raise the age in which redundant workers can claim their pension.

UK - Merrill Lynch is to close its final salary scheme and offer staff a flexible benefits package in its place.