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.

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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.

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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.

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