Europe

EUROPE - The United Nations is urging Britain and other EU members to clamp down on the cult of early retirement.

UK - DC schemes should not rely on statutory money purchase illustrations to provide members with accurate pensions information, consultants warn.

UK/EUROPE - Alternative asset manager Man Group is to buy Switzerland's RMF for $833m in a bid to become the world's largest hedge fund manager.

UK - Hedge funds may be regulated by the Financial Services Authority after the number of funds tripled in the last year.

UK - Lattice Group Pension Scheme has announced that it has a net FRS17 surplus of £261m as at March 31.

UK - The £4.8bn West Midlands Metropolitan Authorities Pension Fund has invested £1m in the UK's first community development venture fund.

UK - Beleaguered telecoms giant Marconi has revealed a net FRS17 deficit of £126m on its £2.5bn GEC 1972 Pension Plan.

UK - F&C Management has won the mandate to be property investment manager to the British Energy Generation Group pension fund.

EUROPE - European funds should follow US-style tiered management charges to stop small scale investors from losing out, according to fund research company Fitzrovia International.

EUROPE/UK - EU plans which would allow companies to set up cross-border pension funds could come into force by August, the NAPF claims.