Europe

UK - Many company directors are ignorant of the regulatory risks and liabilities their pension schemes pose, a survey of FTSE250 companies shows.

UK - Tax rules which prevent employees drawing part of their occupational pension while continuing to work for the scheme sponsor are to be scrapped.

UK - The £650m Wiltshire County Council pension fund has dropped Schroder Investment Management as part of a strategy overhaul.

UK - UK workers at international shipping giant Maersk will lose up to 60% of their pension entitlement when the firm axes its final salary scheme.

UK - Conservative proposals for lifetime savings accounts would add yet another layer of complexity to pensions and potentially damage occupational schemes, Buck Consultants warns.

WALES - Powys County Council Pension Fund has sealed it new management roster and could start looking for a new actuary by April 2003.

UK/EUROPE - Amvescap-owned Invesco had moved Bob Yerbury to chief investment officer for Invesco UK.

EUROPE - European markets are set to be hit by falling consumer confidence, Schroder Investment Management predicts.

UK/EUROPE - Amvescap-owned Invesco had moved Bob Yerbury to chief investment officer for Invesco UK.

UK - Morley Fund Management has made Peter Rains head of alternative investments in addition to his role as head of fixed income.