Europe

UK - Rothschild has sold its flagging UK retail, institutional and offshore (Guernsey) asset management businesses to Insight Investment Management, the fund management arm of HBOS.

UK - The National Consumer Council is calling on the government to decide whether employers, the government or individuals should shoulder retirement risk.

FRANCE/US - Crédit Agricole is to sell its US alternative asset subsidiary LibertyView Capital Management to Neuberger Berman in a bid to focus its efforts on the European securities market.

EUROPE - EU moves to give agency workers equal employment and pension rights have been backed by the European Parliament.

UK - Abbey Life Trustee Services has been ordered to pay eight years of backdated tax to members of the Irranely pension scheme.

UK - Only one-third of UK workers trust their employer to deliver its pensions promise, a Mori poll reveals.

UK - Employees in defined contribution schemes are having to pay more towards their pension than their final salary counterparts.

UK - NAPF chief executive Christine Farnish has attacked employers for following "herd behaviour" and shutting final salary schemes to new members.

UK/EUROPE - Investment Property Databank is to publish two directories on UK and European property investment funds in conjunction with Oxford Property Consultants.

UK - Isis Property has let a retail unit in Swindon to bakery chain Greggs and has achieved an increased rent of £40,000 per annum.