EU

EUROPE - The European Commission has launched a Green Paper reopening the issue of solvency standards in pension schemes.

UK - The European Commission has approved a government loan to cover the set-up costs for the National Employment Savings Trust.

The European Parliament has postponed the adoption of the Alternative Investment Fund Managers directive after failing to reach an agreement between members at a meeting yesterday.

EUROPE - The EU is facing criticism from asset managers over its plans to raise its part of the €750bn (US$922bn) rescue package for embattled eurozone nations.

EUROPE - A European Commission Green Paper - due for release next week - is set to reopen the issue of solvency standards in pension schemes.

A European Commission Green Paper - due for release next week - is set to reopen the issue of solvency standards in pension schemes.

Pension fund managers could have been forgiven for feeling like the worst had passed when the industry emerged from 2009, though it appears the glow of recovery was merely a reprieve.

The controversial directive passed a major hurdle towards coming to fruition last month, but despite being watered down, industry experts predict implementing the new rules will continue to be costly, as David Walker reports

Chairman of the Hedge Funds Standards Board Antonio Borges believes the EU's directive on alternative investment fund managers has come at a bad time, as David Walker reports

SPAIN - The Spanish congress eked through a freeze on state pensions for 2011 by only one vote as the country implements a package of emergency measures to tackle its deficit.