Europe

UK - Media giant EMAP is offering employees a choice between approximately £600 in cash immediately or £800 of shares in two years' time as part of its share plan.

UK - Independent financial adviser portal service The Exchange has signed up to use UNIPASS, a digital certificate that replaces multiple user IDs and passwords.

UK - The Investment Management Association has applauded recommendations to create a "standalone asset management pillar" for Europe.

EUROPE- Multinational companies would welcome the opportunity to have a single fund to finance the pension obligations of their entire employee population in the European Union, according to a new survey.

UK - Some UK pension funds are taking 40% more risk than they need to get the same expected return, a leading fund manager claims.

UK - US fund management giant Janus Capital is to target UK-based schemes with its Intech subsidiary, which it claims can consistently outperform even in efficient markets.

UK - Employers must do more to promote pension awareness among job-seekers and its impact on pay and conditions, unions claim.

UK - Britannic Asset Management has launched Multi-Asset Class Solution, a service which will allow schemes to set their balanced funds' asset allocation.

UK - Aon Consulting has appointed Ian McKinlay as head of the investment consulting practice, with immediate effect.

UK - Axa Investment Managers has launched a second credit equity volatility arbitrage hedge fund - Axa KAPPA Opportunities.