SWEDEN - AP3 saw its capital rise SEK20.2bn to SEK212.2bn over 2006, with net profit totaling 9.5%, or SEK18.6bn.

THE FINANCIAL Services Authority has fined Regency Investment Services £14,000 for income withdrawal failings.

ITALY - Prime minister Prodi's resignation has raised concerns among Italy's three large trade unions since it could mean stagnation of reforms - including that of pensions.

SCHEMES risk unintentionally increasing costs by offering members cash inducements to transfer out, a consultant warns.

High Court victory opens the way to £15bn pensions compensation

Companies could be forced to abandon pension provision if The Pensions Regulator clamps down on defined contribution schemes, consultants claim.

UK - It would be outrageous for the government to make those affected by the pension maladministration wait any longer for compensation, independent pension advisor Ros Altmann has claimed.

CYPRUS - The Cypriot government has once again been forced to face its bleak pension reality with the International Monetary Fund declaring urgent reform was needed in addition to the steps taken to address aging-related expenditure pressures.

UK - Hermes confirmed it is reviewing options for its index-tracking division, but refuted claims the division was cross-subsidising its active management business.

US - CalPERS has announced two investments of US$400m into emerging markets and cleantech funds, both of which wil be managed by Pacific Corporate Group (PCG).