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The EU is facing criticism from asset managers over its plans to raise its part of the €750bn (US$922bn) rescue package for embattled eurozone nations.

EUROPE - The EU is facing criticism from asset managers over its plans to raise its part of the €750bn (US$922bn) rescue package for embattled eurozone nations.

The Financial Services Authority has today confirmed the ban on commission for sales in the group personal pension market from January 1, 2013.

The summer review of NEST could see the introduction of a minimum number of employees needed to trigger auto-enrolment, Hewitt Associates says.

Top Lib Dems fire warning to Tories; Retirement age rise plan attacked by charities and unions

FRANCE - France's plan to lift its retirement age is a signal to investors about the seriousness of President Nicolas Sarkozy's intention to cut the budget deficit, Finance Minister Christine Lagarde said.

SPAIN/DENMARK - AP Pension, PBU and PensionDanmark have written to Spain's finance minister over reports the government is cutting revenue earned through subsidised prices in the sector.

Electronics retail group DSG International suffered a £114.7m slump in its funding position last year, final results show.

Balanced pooled funds recorded a negative month on month median return of -4.5% last month, BNY Mellon Asset Servicing results show.

Tories seek further cuts as public sector staff get pensions warning; Carry on working into your seventies