Europe

UK - The £15bn Universities Superannuation Scheme has scrapped plans to enhance its final salary scheme following overwhelming opposition from members.

UK - Watson Wyatt is urging schemes to take a more proactive approach to asset allocation.

UK - Pension funds must increase their corporate governance focus or face questions about their ability to act as responsible shareholders, pensions research agency PIRC warns.

UK - Small firms are urging the government to tread carefully over changes to pensions legislation.

UK - The Social Housing Pension Scheme celebrated its 25th anniversary at the Leeds office of The Pensions Trust last week.

UK - Any government plans to give transsexuals the right to marry would open pension funds to additional spouses' pension benefits, lawyers warn.

UK - Cable & Wireless is to come under scrutiny from the Financial Services Authority for misleading institutional investors by not disclosing a £1.5bn tax liability.

UK - The NAPF has published its 2003 training brochure which highlights the wide range of courses that the association will be holding in the coming year.

UK - PSolve has captured 10% of the local government scheme market after winning new mandates from three London-based schemes.

UK - The Pensions Protection Investment Accreditation Board has renewed the raising standards accreditation for Prudential, Eagle Star Life and Zurich Life.