Europe

UK - Multi-manager Io Investors has hired a further three managers in a bid to bolster its UK institutional business.

UK - Glass manufacturer Pilkington looks set to freeze its £1bn final salary scheme following an interim actuarial valuation.

UK - Old Mutual Asset Managers has won its first UK alternative institutional mandate - a segregated account worth US$50m (£31m).

UK - Actuary Punter Southall has won its first local authority client - the £700m Dorset County Council Pension Fund.

UK - The £860m West Sussex County Council Pension Fund is seeking a global custodian to take responsibility for around £710m of its assets.

UK - Accountancy giant PricewaterhouseCoopers is refusing to respond to the pensions Green Paper because it believes the government is simply recycling questions.

UK - Schroders has posted an £18.9m profit before tax in its preliminary results for the year to December 31, 2002.

UK - Northern Trust has retained its global custody, securities lending, cash management and performance monitoring brief at Strathclyde Pension Fund for another five-year term.

EUROPE - Credit Suisse Asset Management Swiss Pensions Index touched its lowest level in its three year history in September last year, and was barely above its minimum level at year end after a mild rally in the fourth quarter.

UK - Consulting actuaries Lane Clark & Peacock has appointed of Michael Berg as a new senior pensions consultant in its London office.