Europe

UK - The aggregate funding deficit of schemes in the PPF 7800 index shot up by 75% in the month of August pushing funding levels below 90%, latest figures show.

UK - Almost one in five pension schemes currently delegate investment decision making to a third-party provider, analysis shows.

UK - Pensions minister Steve Webb revealed over the weekend that the state pension age could be raised to 67 as early as 2026 in response to increasing longevity.

UK/DENMARK - ATP has announced the launch of an independent multi-employer trust to rival the National Employment Savings Trust, ahead of auto-enrolment next year.

UK - Any gains schemes might have made following the switch to the Consumer Price Index have been wiped out by falling interest rates, JLT Benefit Solutions believes.

UK - Brian Bailey, director of pensions at the £7.7bn ($12bn) West Midlands Pension Fund, has announced his retirement after 40 years' service with Wolverhampton City Council.

UK - Pensions minister Steve Webb has signalled that the government will revisit the issue of risk-sharing as part of its drive to reinvigorate occupational pensions.

EUROPE - RBS expects Greece will experience a hard default this December in a move it says will cause "violent contagion" in global markets.

UK - Unions have walked away from a consultation by Unilever on plans to move all final salary members into career average, making strike action at the firm "very likely", an official says.

FRANCE - Natixis Global Asset Management (NGAM) has acquired a controlling interest in investment advisory firm Darius Capital Partners.