Europe

SCOTLAND - Edinburgh City Council is urging schemes to back plans to give Princes Street a £100m facelift.

UK - Scheme members should be in a position to challenge the executive boards of companies in which their pension fund invests, delegates at the NAPF Edinburgh investment conference heard.

UK - Scottish Widows Investment Partnership has strengthened its UK small cap team with the appointment of two investment directors.

UK - Isis Asset Management has reported a £5.5m drop in pretax profits.

UK - Wesleyan Assurance Society has appointed Julie Stubbington as HR operations manager.

UK - Courts have been given increased powers to recover pension scheme funds that are proceeds of crime.

UK - Equitable Life policyholders could miss out on compensation due to the "muddled" investigation into the beleaguered insurer's troubles, MPs fear.

EUROPE - Multi-manager SEI Investments has named Karl Dasher as managing director, Continental Europe.

UK - Unions are targeting Lloyds TSB and building materials firm Hanson over the size of their departing chief executives' pension pots.

UK - Schemes have warned the government that legislation on the Myners Report will derail its plans for simplification.