Europe

UK/EU - Many key proposals in the UK's Green Paper will be annulled by Europe's upcoming Pensions Directive, senior UK lawyers claim.

UK -The government's priorities for pensions are unclear and are storing up problems for the future, a hard-hitting report by the Pensions Policy Institute warns.

UK - Trustees and administrators must take greater care in ensuring members are properly informed about AVCs, the pensions ombudsman warns.

UK - Credit Suisse Asset Management's three flagship institutional UK equity funds outperformed the FTSE All-Share Index last year.

UK - The National Association of Pension Funds has rejected City criticism of the Higgs Review on the role of non-executive directors.

UK - Watson Wyatt has set up a website to collect the views of employers and pension schemes on the government's pension reform proposals.

UK - The Association of British Insurers is questioning whether Financial Services Authority proposals to improve transparency in sales literature justify their costs.

UK - MoneyAM - the website for investors and traders - has launched a Level 2 subscription that will provide more detailed share information.

EUROPE - Value specialist Ashmore Investment Management has unveiled a new SICAV fund for European institutions seeking diversification and yield away from chaotic developed markets.

UK - Lex Service Pension Scheme has appointed Aegon Asset Management to manage £57m in bonds.