Europe

UK - Former ASW, UEF and Dexion scheme members are planning to block Oxford Street in the run-up to Christmas in their bid to win compensation.

UK - A growing trend for adults to live at home with their parents is causing a massive drain on retirement plans, a survey by Prudential shows.

UK - ICI's pledge to plug its pension scheme deficit has prompted Moody's to cut the chemical giant's credit rating to just one level above "junk" status.

UK/ NETHERLANDS - Unions are threatening legal action over a Dutch firm's plans to oust UK workers from its final salary scheme.

UK - Jersey's £600m Public Employees Contributory Retirement Scheme is dropping its balanced managers and switching to specialists.

UK - Legal & General is to lose its head of funds Nigel Ridge to Merrill Lynch Investment Managers.

UK - State Street Global Advisors (SSgA) has appointed Pia Nyholm as a credit analyst.

UK - As if the state of the pensions industry wasn't chaotic enough, delegates eager to get to the NAPF's autumn conference were left stranded yesterday after being told by police that they were unable to continue their journey until George Dubya's cavalcade...

UK - Credit Suisse Asset Management has appointed Errol Francis to its UK equity fund management team, effective January 26, 2004.

UK - Britain's biggest firms will plunge an extra £12bn into their pension schemes this year to close deficits.