Europe

UK - Regulatory changes that would allow fund managers to set up authorised vehicles tailored for institutional investment have won support from the Investment Management Association.

UK - The financial services watchdog has banned two senior managers and fined their boss for "misleading" tax authorities.

UK - The pensions ombudsman has decided against a claim which alluded to the mis-selling of a company's new defined contribution scheme.

SCOTLAND - Women trade unionists across Scotland have called for reform of equal pay legislation to halt "pensions poverty".

UK - Performance measurer, The WM Company, has hired Michael Walsh as its new managing director from HSBC.

UK/IRELAND - Aquila Group Holdings, the pensions administrator, has hired Adrian Howells as group marketing manager.

UK - Lay trustees should have a bigger role in the running of pensions schemes and receive greater government backing, ministers have been told.

UK - O&M has added with-profits data to its switching profiler product in a bid to help financial advisers with reviews of "old-style" pensions.

UK - Ministers have admitted proposals to amend fund distribution during scheme wind-ups are unworkable and are drafting in lawyers to help resolve problems.

UK - Regulators will continue to monitor trustees at shipping giant Maersk despite its decision to pay full pensions benefits for workers at its Sea-Land Service subsidiary.