Prodi's pension deal raises pressures

Article Abstract:

Prime Minister Romano Prodi of Italy altered a 2004 law that would raise the nation's retirement age from 57 to 60, instead opting for a gradual increase in the retirement age to 58, beginning in 2008. The change, which is expected to cost Italy billions of euros, is viewed as a concession to the country's labor unions and a move to hold together Prodi's nine-party government.

Italy, Government domestic functions, Economic aspects, Social policy, Political aspects, Pensions, Prodi, Romano, Retirement age

A hedge haven makes its rules even lighter: Island of Jersey offers funds a new regime; will it start a trend?

Article Abstract:

The UK island of Jersey is offering a liberalized regime for hedge fund entities choosing to establish a presence there. The regime options include no public filing requirements for prospectus changes, no outside audits, and no regulatory authorization to register.

Management dynamics, Channel Islands, Management, Company business management, Hedge funds, Jersey

U.K. Regulator offers definitions in slow bid for financial reform

Article Abstract:

United Kingdom Financial Services Authority rules on commission fees practice for investment advisers, on extended timetable.

Personnel administration, Investment advice, Investment Advisory Services, Compensation and benefits, Investment advisers, United Kingdom. Financial Services Authority, Commissions (Compensation), Commissions (Fees)