Europe

UK - The £1.4m lifetime limit will lead to a flood of new business for consultants and IFAs as executives seek advice ahead of A-day, PMI delegates were told.

UK - Politicians in Northern Ireland have been urged to draw up an ethical investment policy to exclude its pension fund from investing in tobacco companies.

UK - Pensions board chairman Ronnie Bowie called for the new pensions regulator to adopt intelligent codes of practice.

UK - The Treasury is to hold crunch talks with senior industry figures on schemes' compliance with Myners' principles, three years on from the landmark report's publication.

UK - Pension simplification will cost twice as much per year as retrospective compensation for workers with lost pensions.

UK - Mellon Human Resources & Investor Solutions has scheduled a series of trustee training courses to explain changes in the Pensions Bill.

UK - The drive for greater transparency among schemes and fund managers is still shaping the pensions industry, delegates were told.

UK - Britannic Asset Management has created a new multi-asset administration system.

UK - Gartmore Investment Management has launched a core-satellite global equities fund.

UK - NAPF CONFERENCE - Standard Life Investments is set to build activism and governance into its global investment processes.