Europe

SCOTLAND - Dundee City Council Tayside Superannuation Fund has now added specialist managers to its roster following an investment review by Hymans Robertson.

UK - Watson Wyatt has appointed Richard Sweetman as a senior benefits consultant in its Leeds office.

UK - Pension funds have attacked insurance giant Royal & SunAlliance over its £2.5m golden handshake to former chief executive Bob Mendelsohn.

UK - Trustees have no obligation to backdate benefit improvements to all scheme members, the pensions ombudsman has confirmed.

UK - Credit Suisse Asset Management has strengthened its UK institutional marketing team with the appointment of Edward Jones as vice president.

UK - Fund managers are being urged to use "unbundled" research and broking systems to comply with Myners's principles and placate the government.

UK - The NAPF has taken a softer stance on governance practices at Reed Elsevier after the publisher showed it was "willing to listen" to shareholder concerns.

UK - The government could cut the savings gap by £5bn if it spent £1bn on incentives and education, the Association of British Insurers claims.

UK - Friends Provident has launched a range of online benefit tools for its 15,500 registered IFA clients.

UK - HSBC Bank has blamed huge scheme deficits on the fall in FRS17 discount rates - not the stock market.