Europe

EUROPE - Europe's £3.5trn mutual fund industry will expand at a compound annual growth rate (CAGR) of about 14% per annum between year-end 2002 and 2006, outpacing the global expansion rate of 10% and the US CAGR of 9%, according to new research by Cerulli...

UK - Gissings has been appointed as adviser to Britannic Retirement Solutions.

UK/EU - Law firm Wragge & Co is holding a seminar on the implications of EU legislation on UK pensions at its Birmingham offices on December 11.

UK - More than a third of people are not paying into a pension scheme, research by Royal Liver Assurance reveals.

UK - Standard Life Investments is holding IFA roadshows at more than 30 locations throughout the UK from January 20.

UK - Equity Partnerships, the fund management arm of Teesland, has raised a total of £111m taking the specialist fund to £123m.

UK - Jersey-based funds have seen their assets go up 14% from £51.2bn to £58.5bn over the 12 months to June 30, despite the slowdown in global equity markets.

UK - Consultants have been warned that they must be prepared to take on increased liabilities if they launch their own investment products.

UK - The £290m London Borough of Harrow Pension Fund is dropping Merrill Lynch Investment Managers from £100m worth of global equities.

UK - ISIS Asset Management's maximum income bond fund has been awarded an A-rating by Standard & Poor's.