Europe

UK - Company sponsored defined benefit pension schemes should not invest in equities.

UK - Government plans to give workers a "cash carrot" if they work until they are 70 have been dismissed as a gimmick by industry leaders. Pensions experts say the proposal - unveiled at the Labour Party conference - will add unnecessary complexity to...

UK - Majedie Asset Management has clinched its first pension fund mandate - an £11m specialist UK equity brief from the Honda Group (UK) Pension & Assurance Scheme.

UK - Financial services giant Mellon is rebranding its Buck Consultants arm as part of a drive to set up a "one-stop shop" solution for schemes.

UK - Manager-of-managers specialist SEI Investments has been awarded three pension mandates worth a total of £27m.

SCOTLAND - Regulators are investigating a Scottish engineering firm after scheme trustees agreed to scale back pension payments in a bid to save the company.

UK - The UK's two largest lobby groups for occupational pensioners are joining forces in a bid to increase their power and membership.

UK - Oxford Advisors has launched a new share class in its alternative strategy fund.

UK - The £1bn P&O Pension Scheme has appointed Investec Asset Management to manage a £50m UK equity mandate.

UK - Investors are questioning the impartiality of the BSkyB directors chosen to search for a new chief executive.