Europe

UK/US - Grave lessons must be learned from the US Pensions Benefit Guaranty Corporation to ensure that the UK's protection fund does not fail, consultants warn.

UK - Around 13 million workers have no pension pot and many do not care, a new study reveals.

UK - Watson Wyatt has released a report to help pension managers reduce risk and manage their costs.

UK - Ian Cormack has been appointed investment partner at recently formed investment management group Edinburgh Partners.

FINLAND - The Bank of Finland has sold its 40% stake in technology company Setec Oy to Nordic private equity investors, CapMas.

UK - Deutsche Asset Management has appointed Bill Hughes as chief executive officer of its real estate investment management and advisory division, Deutsche Property Asset Management UK.

UK - Trustees may be at risk of mis-selling claims if they fail to advise members that annuity rates are at a historic low, an expert warns.

UK - Standard Life Investments (SLI) is to target pension funds and trust authorities with the proposed launch of two new euro and dollar money market funds early next year.

EUROPE/US - Innovest Strategic Value Advisors, the US-based socially responsible investment specialists part-owned by Dutch pension fund giant ABP, is to provide research to activist UK fund manager, Hermes.

UK - Firms with final salary schemes are being targeted in a nationwide mailout advising them to freeze their plans immediately.