Europe

UK - Satellite broadcaster BSkyB faces tough questioning from pension funds over its chief executive's pay package which topped £7.4m last year.

EUROPE - European private equity investment will reach an all-time high of £45bn by the end of the year, Morgan Stanley predicts.

UK/EUROPE - Employers have pledged to fight EU moves to change UK tax laws following a landmark ruling on cross-border pension plans.

UK - The majority of UK pension schemes would be unable to buy out their liabilities on wind-up, consultant Watson Wyatt claims.

UK - Hermes UK equity focus fund has won mandates from the Shell UK, Unilever and Dorset County Council pension schemes.

UK - Pension funds are taking a greater role in shareholder activism, but there is still scope to do a lot more, a new report claims.

UK - Britannic Asset Management has won its appeal against the pensions ombudsman's claim that it should answer charges of maladministration.

UK - The Pension Policy Institute has urged schemes to increase investment in hedge funds.

UK - Trade unionists are urging the government to repeal pensions laws which continue to discriminate against women, gays and lesbians.

UK - Pension fund advisers should consider advising their clients to top up their SIPPs with traded endowment policies, Policy Portfolio claims.