Europe

UK - Paternoster has been put up for sale, with its original backers facing the loss of more than half their £500m equity investment, according to reports.

UK - The National Association of Pension Funds is backing auto-enrolment and NEST in the main but says the finer details around scheme-based certification need clarification.

UK - The Department for Work and Pensions' plans to abolish transfers between contracted-out defined benefit and defined contribution schemes could lead to a "firesale" of final salary liabilities, a consultant warns.

UK - Major changes to auto-enrolment in 2012 risk undermining the consensus on workplace pension reform, leaving another generation exposed to retirement poverty, the Trades Union Congress has warned.

UK - Commerzbank is due to bring its ComStage ETF range to the UK in September.

UK/CANADA/ASIA - Standard Life has seen net corporate business inflows increase by 71% in the first half of the year.

UK - Rumours are escalating in the City that fund manager Gartmore could be ripe for a takeover approach, as its share price languishes more than £1 below its December 2009 flotation price.

GLOBAL - Plan sponsors are in the midst of an unprecedented amount of custodian turnover, says J.P.Morgan Worldwide Securities Services managing director and head of pensions Benjie Fraser.

UK - The aggregate funding position of the 6,653 schemes in the Pension Protection Fund's 7800 index improved to a surplus of £6.6bn at the end of July.

UK - Ten FTSE100 companies have total disclosed pension liabilities greater than their equity market value, Pension Capital Strategies research shows.