Europe

UK - Judith Pettitt has been hired by pensions and IT consultancy Dunnett Shaw as a senior consultant.

UK - The FTSE100 Index would have to smash its all-time high by more than 1000 points before UK pension schemes have sufficient assets to meet their liabilities in full, industry experts warn.

UK - The £1.2bn Pilkington Superannuation Scheme has appointed Nomura Asset Management to manage a £30m Japanese equity mandate.

UK - Thousands of mineworkers look set to lose their pension bonuses in the wake of the Mineworkers Pension Scheme's triennial valuation.

SCOTLAND - The £1.6bn Scottish Power Pension Scheme has appointed Northern Trust as its global custodian.

UK - Law firm Trowers & Hamlin is urging Local Government Pension Scheme employers to check staff contracts and budget for any overtime liabilities.

UK - Towers Perrin has promoted three UK senior consultants from its retirement consulting group to the position of principal.

UK - State Street Global Advisors is backing calls for liability benchmarks rather than the current practice of measuring performance against indices.

UK - A guide on record-keeping for trustees of insured occupational pension schemes has been published by OPRA.

UK - British Energy's FRS17 deficit rose eightfold to £352m in the year to the end of March.