Europe

UK - Standard Life has made further cuts in the value paid on withdrawals from its with-profits fund.

EUROPE - Profits slides, dwindling revenues and more job cuts are set to blight European fund management over the next twelve months.

US/UK - Online institutional bond trader, TradeWeb, has completed its fifth year of operation with record growth in trading volume.

UK - Administrators are cutting corners in a bid to meet the deadline for producing statutory money purchase illustrations, a leading consultant claims.

UK - Inter-Alliance Group has appointed Carey Shakespeare to its board as marketing director.

UK - Trade union opposition has forced RMC Rugby Cement to scrap plans to shift 500 employees to a less generous pension scheme.

UK - Pension scheme design will take a "quantum leap" forward if Inland Revenue proposals are implemented, Hewitt Bacon & Woodrow claims.

UK - Smaller companies underperformed the FTSE All-Share Index last year, a new report shows.

UK - Local authority pension funds should be barred from investing in companies which fail to meet ethical criteria, green campaigners claim.

UK - Morley Fund Management has released two senior executives after falling markets forced it to scale back its operations.