European Pensions Pensions and investment news for European pension professionals pension funds http://www.europeanpensions.net 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. http://www.europeanpensions.net/pages/news/News-June2009/030609Pension-fund-trustees-champion-responsible-investment.htm 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. http://www.europeanpensions.net/pages/news/News-June2009/010609Landmark-securities-fraud-settlement-reached-against-Shell.htm 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. http://www.europeanpensions.net/pages/news/News-June2009/010609Aon-Trade-Credit-becomes-interational.htm 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. http://www.europeanpensions.net/pages/news/News-May2009/270509EC-plans-to-replace-CEIOPS.htm 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. http://www.europeanpensions.net/pages/news/News-May2009/260509UCITS-contradiction-leads-to-VaRs-errors.htmm