Europe

UK - BT's pay-off to chief executive Sir Peter Bonfield has been attacked by institutional shareholders and corporate governance experts.

UK - Financial giant Prudential has said its brand unification will not be expanded to include fund manager arm M&G in the near future.

UK - Boots Pension Scheme's move out of equities has split the consultancy industry. Some view Boots as the first of many to move fully into bonds while others warn of the risks of following suit.

UK - The Ice Maiden may have a reputation for being tough, but in court she has almost cracked under the pressure.

UK - Maxwell-type pensions scandals could still occur if individuals were determined to defraud schemes, OPRA warns.

ITALY - Gartmore has opened up shop in Milan and appointed Nicola Meotti as firm's country head.

UK - The £2.7bn J. Sainsbury Pension Scheme - the self-proclaimed "beacon" for Myners - is set to close its defined benefit scheme for new entrants in January 2002.

UK - Merrill Lynch Investment Managers co-chairman Carol Galley accused Unilever's finance director in court this week of attempting to blackmail her into giving compensation in 1998.

UK - Corporate limited price index (LPI) bonds offer pension funds one of the most effective ways of protecting assets and reducing account sheet volatility, according to consultants Watson Wyatt.

UK - The Cumbria Pension Fund has suffered from long-term underperformance, an audit commission best value inspection has revealed. In a report published this month inspectors noted that average performance in...