Regions

GLOBAL - UPS, one of America's largest employers, is calling on Congress to stipulate that multi-employer pension plans should be 90% funded before increased benefits can be negotiated.

EUROPE - Financial services giant Eureko is planning to float its asset management arm, F&C Management.

EUROPE - Royal Dutch/Shell Group chairman Sir Philip Watts has come under further pressure from investors over the firm's oil and natural gas reserve estimates.

EUROPE - The first review of the Kempen/SNS Smaller Europe SRI Index shows increasing interest in socially responsible investment compliance among small-cap companies.

Pension funds and corporate governance experts urged WHSmith to rethink its remuneration arrangements after a shareholder revolt at the retail giant's annual general meeting.

The Occupational Pensions Regulatory Authority has issued revised guidelines for trustees on late payment of contribution reporting.

Final salary scheme pensions will be worth up to £24,000 a year more than money purchase payouts under the £1.4m savings limit.

Structured product provider Nvesta is targeting mid-sized schemes with a new FTSE100 Index tracking fund.

UK - Employers could be forced to scrap their money purchase scheme contribution structures when European Union directives on age discrimination come into force, Aon Consulting warns.

Paul Myners is to publish a second report on institutional investment which will call for a complete overhaul of the proxy voting system.