Regions

EUROPE - The European Council has called for the retirement age to be increased within all European Union (EU) nations by five years at its latest meeting in Barcelona.

THE NETHERLANDS - The EUR91m Stichting Pensioenfonds Forbo retirement plan could be about to outsource approximately 10% of its assets to external management, according to Gerard Mooij, a member of the firm's finance department.

UK/EUROPE - The Association of British Insurers (ABI) has come out in favour of EU plans for an integrated financial services market, saying that the UK insurance industry is better placed than its European counterparts to benefit from the move.

GLOBAL - Pension fund equity investment is set to experience "exceptional growth" over the next 10 years, with a substantial flow into non-domestic markets, according to a new report.

EUROPE - The European Commission reiterated its plea to member states to meet the deadline for its Financial Services Action Plan, prior to the Barcelona European Council which groups today.

EUROPE - Private equity investments in Europe posted a negative 2.3% internal rate of return (IRR) during 2001, according to preliminary data from the European Private Equity and Venture Capital Association (EVCA).

UK/EUROPE/US: Hedge fund of funds manager Arden Asset Management made further steps towards opening its London office, targeting European managers to its roster.

UK/EUROPE/US: Hedge fund of funds manager Arden Asset Management made further steps towards opening its London office, targeting European managers to its roster.

UK/EUROPE - Ruth Kelly, economic secretary to the Treasury, today told delegates at the National Association of Pension Funds' investment conference in Edinburgh that the UK government will not allow inappropriate EU regulation to threaten the UK's present...

GLOBAL - Ronald O'Kelley, State Street's executive vice president and chief financial officer, is quitting the firm for "personal reasons" after seven years.