FSA moves to curb upfront commissions for financial advisers; Watchdog issues demand to Sea Containers; Attacks on private equity down to envy, says Moulton; Britain still top for inward investment; Brown ally calls for 40pc tax on gains

ITALY - Crédit Agricole Asset Management (CAAM) SGR has reshuffled operations and appointed new staff.

ING REAL ESTATE is celebrating the 10th birthday of its UK balanced fund, ING Lionbrook, by giving PP readers the chance to win tickets to the British Grand Prix at Silverstone.

UK - The Pension Regulator (TPR) yesterday released the reasons behind its recent groundbreaking decision to slap a Financial Support Direction (FSD) on Bermuda-based company Sea Containers Ltd (SCL), which is in chapter 11 bankruptcy proceedings in the...

NETHERLANDS - PGGM Investments is planning to appoint three external ethical consultants to the Investments Committee, before the end of the year, to advise on the future development of the responsible investment policy.

The deadline for written submissions for the Pension Scheme of the Year Awards is midday, July 20.

INVESTMENT management firms could be forced to pay schemes hundreds of millions of pounds following a ruling on value-added tax by the European Court of Justice today.

THE Institutional Shareholders' Committee has published a "comply or explain" framework for voting disclosure.

AUSTRALIA - Total superannuation assets in Australia tipped $1.1trn in Q1 2007 according to figures released by the Australian Prudential Regulation Authority (APRA).

US - The Massachusetts secretary of the commonwealth, William Galvin, has filed a complaint against UBS claiming it gave hedge fund traders lavish gifts to win business from them.