Europe

UK - Supermarket giant Tesco has vowed to improve labour standards in developing countries which are part of its supply chain after continued shareholder pressure.

UK - More than 100,000 jobs at financial services firms will be cut in favour of cheap labour overseas in the next seven years, a management consultancy firm claims.

UK - British Airways' pensioners have hired an actuary to challenge the assumptions used in the schemes' valuation.

UK - Zurich has developed a range of corporate pension products in a bid to strengthen the firm's brand in the UK.

UK - Schroders has appointed Miles O'Connor as head of sales and client servicing for UK pensions and corporates.

UK - A European court ruling has "made a mockery" of the pensions exemption on transferred employment rights, lawyers claim.

UK - Employers are urging the government to exclude occupational pensions from new age discrimination laws.

UK - Morley Fund Management is being taken off some consultants' "buy" lists following the appointment of Katherine Garrett-Cox as chief investment officer.

EUROPE -Talks between the Bosnian Serb Republic government and the IMF (International Monetary Fund) on increases to pensions and wages have made no headway, according to a report by the Bosnian Serb news agency SRNA.

UK - The £670m Buckinghamshire County Council Pension Fund has added two new managers to its roster.