News

DENMARK - Danish pension provider ATP has spoken out against a change to a proposed law which limits its investments in insurance companies.

SLOVENIA - The Constitutional Court has ruled that a referendum on pension changes approved by Parliament can take place, a move that will delay public spending cuts and may prompt a rating downgrade.

UK - The switch from RPI to CPI for pension indexation moved one step further in the legislative process yesterday after it was approved in the House of Lords.

EUROPE/JAPAN - Major European indices suffered triple-digit losses on Tuesday after a third explosion at Japan's Fukushima nuclear power plant raised fresh radiation fears and sparked a 1,000-point plunge on the Nikkei 225.

MENA - Mark Mobius is "cautiously" looking to buy oversold quality companies in the Middle East and North Africa, despite increasing volatility in the region.

Long-term care: how to stay in control; Halcyon to court overseas investors

Further concessions on changes to the Universities Superannuation Scheme will not be made despite planned strike action by the University and College Union, employers say.

Updated 12:15: The FTSE suffered triple-digit losses in Tuesday trade after a third explosion rocked Japan's Fukushima nuclear power plant, raising fresh radiation fears and sparking a 1,000-point plunge on the country's Nikkei index.

US - The former chief executive of the California Public Employees' Retirement System has been accused of steering billions of dollars to politically connected firms.

The Financial Reporting Council wants to boost the strength of the UK Stewardship Code by monitoring the quality of communication between companies and shareholders.