Europe

UK - Pensions schemes should "urgently" consider selling their Royal & SunAlliance shares, IFA Hargreaves Lansdown says.

EUROPE - Morley Fund Management has beefed up its European institutional business with two new appointments.

UK - Friends Provident has attacked critics of the Pickering Report and points out it covered everything in its remit.

UK - Leading hedge fund manager Man Group has launched a capital-guaranteed structured hedge fund product to target medium-term annualised growth of around 17-18%.

UK - Tractor giant Agco is facing industrial action over its decision to enforce penalties on anyone aged 50 or over who takes early retirement.

UK - A row over the true size of the deficit at the £27bn BT Pension Scheme is rekindling a bitter rift between actuaries over valuation methods.

EUROPE - Alternative Investment Management Association (AIMA) and leading hedge fund industry players have published a new best practice guide for European managers

UK - Regular quarterly changes to the FTSE 100 index and other FTSE UK indices will be announced after the UK market closes on September 11.

UK - Friends Ivory & Sime has appointed Rodger McNair as fund manager.

UK - Manager-of-Managers SEI has launched a new web-based information service for UK pension fund trustees in light of recommendations in the Myners' report.