Regions

UK/EU - Many key proposals in the UK's Green Paper will be annulled by Europe's upcoming Pensions Directive, senior UK lawyers claim.

GLOBAL - Most pension funds across the world saw funding levels plunge for the third consecutive year in 2002.

GLOBAL - Investors are being misled if they believe the threat of war in Iraq is depressing markets, Pictet Asset Management claims.

UK/NEPAL - Gurkhas seeking the same pension rights as British soldiers have lost their case in the High Court.

UK/ SOUTH AFRICA - An Exeter grandmother has been denied a state pension even though she has paid tax all her working life.

EUROPE - Value specialist Ashmore Investment Management has unveiled a new SICAV fund for European institutions seeking diversification and yield away from chaotic developed markets.

GLOBAL - JPMorgan Investor Services has launched an enhanced global proxy voting service to help investors meet corporate governance responsibilities.

EUROPE - Morley Fund Management, one of the UK's largest investment houses, is eyeing offices in Spain and Germany as part of a European expansion bid.

GLOBAL - Hedge fund investments nose-dived at the end of last year, a survey by LJH Global Investments shows.

GLOBAL - The MSCI Hedge Fund Composite Index, which covers over 1200 hedge funds, grew by 1.3% in January.