Europe

UK - Four years is not too long a time to wind up a scheme, the pensions ombudsman has decided.

EUROPE - The chief economist of the European Central Bank has warned that much more needs to be done to ensure that the European pensions systems are sustainable in the long term.

UK - Corporate governance experts have warned retail giant WHSmith to expect a clash with shareholders over executive rewards for failure at its annual general meeting.

UK - Hedge fund manager Winton Capital Management recorded a strong end to 2003 with gains up by 28%.

UK - Nearly half of the 4.9 million people eligible for the government's pension credit are missing out, new figures reveal.

UK - The National Audit Office should broaden its investigation into the government's proposed £1.4m lifetime savings limit, the Tories say.

EUROPE - Pride is preventing financial services organisations from selling asset management operations that are not core to their businesses, leading fund managers claim.

UK - SEI Investments is included in Fortune magazine's list of the 100 best employers for the fourth year running.

DENMARK - KTAS Pension Fund, one of the pension funds for TDC, Denmark's largest telecommunications company, is considering investing 3 - 5 % in investment grade bonds.

UK - Software house Computer Sciences Corporation has strenuously denied rumours that it is planning to pull out of the pensions and insurance sectors.