Europe

UK - Retail giant Kingfisher has appointed Morley Fund Management to manage a £90m property mandate at its £1.1bn scheme.

UK - Legal & General Investment Management has appointed Mark Miller as head of business development in its corporate pensions division.

UK - A government recommendation that would compel investors to publish voting records could lead to a drop in corporate voting, a consultant claims.

EU/UK - MEPs have climbed down over changes to a draft EU pensions directive which threatened to scrap tax free lump sum retirement pay-outs in the UK.

UK - Edinburgh banker Sir Angus Grossart has been re-elected as chairman of the Scottish Investment Trust, despite fierce opposition from Hermes Pensions Management.

UK - Pension funds should take advantage of any prolonged period of low growth and inflation to buy bonds, urges Schroders.

UK - The RAC has chosen to keep its £400m final salary scheme open following a triennial review.

UK - Scottish Widows Investment Partnership has appointed Colin Burt as investment director for high yield in its global bond and economics team.

UK - Supermarket giant Sainsbury's has told its 32,000 scheme members that they must dramatically increase their contribution rates to stay in the final salary plan.

UK - Software that allows occupational pension schemes to add forecasts of an individual's state pension to annual benefits statements has been launched by Aqera.