NETHERLANDS/GERMANY - Michel Alofs has quit as head of the Netherlands and European business development for Aberdeen Asset Managers.

Triathlon sportswear provider Swim Bike Run has unveiled a new online ordering service for firms that offer cycle-to-work schemes through a flexible benefits provider.

ONE IN FOUR defined contribution schemes fails to have a service level agreement in place with their administrator, latest research from Watson Wyatt shows.

AUSTRALIA - Watson Wyatt Australia have terminated its contract under which CitiStreet provides it with administration services for its corporate stand-alone superannuation clients.

PM gives support to Hain over donations; MP pension cost triples; Slowdown in new issues fuels fears over China; Growth in labour market hits two-year low

Investment boutique Blue Sky Asset Management has launched its first product, which offers income of 10pc a year while guaranteeing the contingent capital at maturity.

A PERMANENT Independent Pensions Commission could ensure consensus around long-term goals for the UK pensions system, the Pensions Policy Institute says.

Aberdeen Asset Management has bought German property investment firm DEGI for £79.2m.

INVESTMENT SOLUTIONS has launched a new global equity fund targeted specifically at defined benefit schemes for smaller and medium-sized employers.

US - The Indiana Teachers' 96 Fund reached a 93.5% funding status in the fiscal year to 30 June 2007 following an 18.17% investment return rate.