European Pensions

Pension fund trustees champion Responsible Investment

A report from UKSIF, the association which promotes Sustainable Investment and Finance, indicates that Responsible Investment is growing in popularity among UK corporate pension funds, a change led by trustees.

Landmark securities fraud settlement reached against Shell

The largest securities fraud settlement ever has been reached in Europe, with a Dutch appeals court ordering Royal Dutch Shell plc to begin the payment of USD381million, plus interest, to a foundation representing a group of institutional investors from 17 European countries.

Aon Trade Credit becomes international

Aon Trade Credit UK is pushing out of the UK by launching an international team to support global companies in managing their receivables more proactively to prevent bad debt.

EC makes plans to replace CEIOPS

Reforms have been proposed to the current architecture of financial services committees by the European Commission (EC) adopted Communication on Financial Supervision in Europe.

UCITS contradiction leads to VaRs errors

VaR calculations are at odds with one another in some European countries due to a contradiction in UCITS Rules, says EM Applications.