Europe

UK - Mark Willmott has been appointed as institutional sales manager at Royal London Asset Management .

SCOTLAND - James Hay Pension Trustees has opened an office in Edinburgh to offer consultancy services on SSASs and FURBS.

UK - Pensions minister Ian McCartney has rejected calls to raise the state pension age beyond 65.

UK - Fund manager Hermes Pensions Management has frozen bonus payouts to three key executives at its Focus Asset Management arm for last year.

UK - Norwich Union has been ordered to pay £10,000 to a chartered accountant for failing to provide adequate advice on its scheme liabilities.

EUROPE - Total European property investment fell only 1% last year compared to 2001 despite a 30% drop in the leasing market, figures from Jones Lang LaSalle show.

UK/NETHERLANDS - ABN AMRO and Mellon Financial Corporation have announced that ABN AMRO Mellon Global Securities Services BV has received all necessary regulatory approvals from De Nederlandsche Bank, the Central Bank of the Netherlands, and the Financial...

UK - The Financial Services Authority has begun a campaign to alert workers to the pitfalls of cashing in their pension before retirement.

UK - SEI has appointed Alan Lauder as managing director of institutional distribution partnerships.

UK - AXA Rosenberg Investment Management's equity alpha funds reached hit the E550m mark at the end of 2002.