Europe

UK - The Investment Management Association has vowed to provide leadership for the industry to "fill the void" left by the Bank of England.

UK - Consultants have welcomed government amendments to the Pensions Bill which will remove indexation from defined contribution schemes.

UK - Consultants are urging the government to remove limited price indexation for defined benefit schemes to create a "level playing field" for all forms of pension provision.

UK - MPs have backed calls from the Institute of Payroll and Pensions Management to review statutory sick pay.

UK - Voluntary benefits are an ideal introduction to setting up a full flexible benefits package, delegates were told.

UK - UK pension funds have been buying into government bonds over the past three quarters while cutting their exposure to equities according to latest figures from the Office for National Statistics.

UK - UK Companies will face a slew of court cases unless they start offering financial advice to staff, delegates heard.

UK - Pan-European hedge fund legislation will enable defined contribution scheme members to invest in the asset class within two years, Aon Consulting claims.

UK - SVM Asset Management has been appointed as one of the UK equity managers on Standard Life's range of manager-of-manager pension funds.

UK - Employers must lead a drive to improve the health and well-being of staff or risk soaring medical insurance costs, Towers Perrin warns.