Europe

UK - A consumer watchdog has warned water companies they cannot raise prices excessively to plug scheme deficits.

EUROPE - Defined benefit pension plans of multinationals in the eurozone posted a 4% increase in funded status during the second quarter of 2003.

UK - State Street Corporation has named Jon Wrigley as vice president and head of taxation services.

SCOTLAND- Mercer Human Resource Consulting is to show Scottish employers how to move from defined benefit to defined contribution pension provision.

UK - Trustees of the £1.2bn BAA Pension Scheme are considering making an allocation to either hedge funds or private equity.

UK - OPRA has updated rules for trustees, advisers and insolvency practitioners overseeing the wind-up of occupational schemes.

UK - A seminar on private equity is being held by HarbourVest Partners on September 18.

UK/US - Experts fear the future of "hybrid" pensions could be in the balance after a US judge ruled that cash-balance schemes were discriminatory on grounds of age.

UK - The Financial Services Authority has published a discussion paper on its money laundering regime.

UK - State Street Global Advisors has named Yvonne Franklin as head of its consultant relationship management team, based in London.