Europe

UK/EC - Fund manager profits will be decimated by EC plans to make them increase their capital reserves, Mercer Oliver Wyman claims.

UK - The FSA must deliver clarity on its money-laundering rules in a bid to avoid financial industry uncertainty, Beachcroft Wansbroughs Consulting warns.

UK - OPRA has published guidance on the calculation and payment of cash equivalent transfer values following the introduction of new regulations.

UK - The Association of Consulting Actuaries has updated its list of members.

UK - Stakeholder pensions have been branded "a flop" by the Conservative Party after latest figures showed sales were way off target.

UK - Royal London Asset Management has launched a new high-yield flexible bond fund.

UK - An imminent collapse in bond markets will slash firms' pension liabilities, consultants claim.

UK - People are not financially literate enough to cope with personal finance, a survey of UK finance directors shows.

UK - Fears over the future of the Isle of Man Steam Packet Company Staff Pension Fund have been allayed by the Manx chief minister.

UK - Car manufacturer Nissan will give its UK employees a choice of pension provision from September. Staff choosing to stay in the final salary scheme will be able to retain current benefits by paying a slightly higher contribution rate or maintain...