European Union

EUROPE - The proposed European Union directive to regulate alternative asset managers could cost investors some €5bn (US$7.4bn), a report commissioned by UK regulator Financial Services Authorities found.

EUROPE - The cost of an ageing population in Europe is expected to "dwarf" the impact of the current financial crisis many times over, a European Commission report revealed.

EUROPE - The proposed Alternative Investment Fund Managers Directive is in some respects "misguided" and would reduce investment returns and increase risk, the UK's National Association of Pension Funds (NAPF) has claimed.

NETHERLANDS - A group of Dutch pension funds and institutional investors has written to the European Commission to express their concerns on the effects of the proposed alternative investment fund management directive.

GLOBAL - The European Court of Human Rights is set to rule on a UK law which freezes the state pension of anyone who leaves Britain to live in certain countries, according to ECHR files.

The European Court of Human Rights is set to rule on a UK law which freezes the state pension of anyone who leaves Britain to live in certain countries, according to ECHR files.

INCLUDING: EUROPE - Mercer voices concerns on EU Directive on alternatives; FRANCE - FRR up 10.5% in the second quarter; SWITZERLAND - Funds cover ratio slightly better

Cuts in future annuity rates due to the adoption of the Solvency II rules for insurers would put further strain on defined contribution scheme members, Aon Consulting says.

FTSE 100 pension schemes fall to record deficit; EU curbs on hedge funds 'could take £21bn a year out of pensions'; L&G fears for pension savings in EU reforms

EUROPE - The European Union Alternative Investment Fund Managers directive could cost Europe's pension fund industry up to €25bn (US$36bn) a year if implemented in its current form, the Alternative Investment Management Association (AIMA) claimed.