United Kingdom

UK - The Church of Scotland's pension schemes could face a funding crisis until 2035 unless urgent steps are taken to plug a £60m deficit, trustees warn.

UK - Women who take a career break to raise children could see their retirement fund drop 20%, Legal & General warns.

UK - Airport operator BAA has revealed a net FRS17 deficit of £209m in the year to the end of March against a £299m surplus last year.

UK - Teachers are being laid off because local authorities are struggling to meet escalating pension costs, Britain's largest teaching union claims.

UK - Reforms will make occupational pensions simpler and easier for companies to manage, work and pensions secretary Andrew Smith claims.

UK - Warehousing and goods distribution firm Christian Salvesen is injecting an additional £1m into its pension scheme after its FRS17 deficit rocketed from £9.6m to £64.5m.

UK - The £1.3bn Leicestershire County Council Pension Fund is reviewing its asset and portfolio structure.

UK - An Old Bailey jury is looking at transactions by former Morgan Grenfell fund manager Peter Young - nine years after they were first carried out.

UK - Britain's equality watchdog is backing the European Commission's drive to eradicate sex discrimination in pension payments.

UK - Standard Life Investments' funds under management rose by £3.7bn in the six months to May 15.