Europe

UK - Employer attitudes and poor appreciation of legislation is stunting the growth of flexible working patterns, new research shows.

EUROPE - The European Commission has adopted two recommendations to facilitate the uniform implementation of EU rules on UCITS.

UK - Gissings is launching a new package which, it says, will slash flexible benefit costs for small to medium-sized firms by up to 80%.

UK - Gartmore Investment Management is to close its Japanese equities long-short hedge fund at the end of the month due to capacity constraints.

UK - Schemes will be able to borrow money for the first time, under changes outlined in the Finance Bill.

UK - The £2.3bn Tyne & Wear Pension Fund has appointed Hymans Robertson as its investment consultant.

UK - Schemes and fund managers have made progress on implementing the Myners principles, delegates at a recent conference heard.

UK - The £20bn Universities Superannuation Scheme is looking to appoint a director to succeed retiring deputy chairman Colin Donald.

UK - Active UK equity managers have beaten the FTSE-all share index in the first quarter of 2004, returning 1.3%, against the index return of 0.6%, according to Russell/Mellon.

UK - The Trades Union Congress should take a lead role in tackling the short-termist attitude among pension funds, a prominent scheme adviser told the conference.