EUROPE - The European Commission has launched a Green Paper reopening the issue of solvency standards in pension schemes.

EUROPE - European Commission Green Paper proposals for an adjusted version of Solvency II standards for pension schemes could force firms to hold huge unnecessary surpluses, the Confederation for British Industry said.

The European Commission has approved a government loan to cover the set-up costs for the National Employment Savings Trust.

UK - The European Commission has approved a government loan to cover the set-up costs for the National Employment Savings Trust.

Friends Provident has unveiled a corporate investment platform guide for trustees and employee benefit consultants.

Legal & General and Hymans Robertson have unveiled a health liability insurance plan which could save local government pension scheme sponsors hundreds of thousands of pounds.

One of British Airways' two pension schemes has insured £1.3bn of pensioner liabilities in a buy-in deal with Rothesay Life.

Jeannie Drake has stepped down as deputy chairman designate of NEST Corporation following her appointment as a Labour Peer.

Glasgow City Council has re-appointed Hymans Robertson as investment adviser to the £9.5bn Strathclyde Pension Fund.

Drinks manufacturer Diageo has announced a 10-year funding plan to plug its £862m pension deficit.