Europe

UK - Insight Investment Management has reorganised its equity and fixed income teams following the acquisition of Rothschild Asset Management.

UK/EUROPE - Technology-based equity trading services group ITG Europe has reported record quarterly revenues for 2002.

UK - Aegon UK has bought a 9% stake in the independent advisory business of Aurora Financial Group for an undisclosed sum.

UK - Scottish Life achieved new business of £159.4m last year, a 26.4% rise from the £126.1m posted in 2001.

UK/EUROPE - Goldman Sachs Asset Management has been appointed to run two equity accounts for Northern Trust Global Advisors, the multi-manager business of Northern Trust.

UK - Proposed FSA reforms on the governance of life offices will fail consumers, the Faculty and Institute of Actuaries warns.

UK - Pension schemes have failed to stop independent radio station, Capital Radio, from introducing a controversial new share options incentive scheme for executives.

UK/EUROPE - British MEPs have urged the European parliament to block amendments to its pensions directive as they would impose undue costs on UK pension funds.

UK - Insurance giant Prudential has clinched a £389m bulk annuity deal with trustees at former high street retail giant C&A's pension scheme.

UK - Employers who are "hell bent on closing final salary schemes" will run roughshod over proposals forcing them to consult with employees, the PMI warns.