Europe

UK/US/EUROPE - The London-based arm of US investment firm GMO Woolley is planning to launch an absolute return strategies fund for European investors following a resurgence of interest in actively managed funds.

UK - Pension fund liabilities under FRS17 have soared by over 7% over the last month as yields on long-term bonds have plummeted.

UK/EUROPE - Schroder Investment Management has hired Nicholas Gartside as European fixed income manager.

UK/US/EUROPE - The London-based arm of US investment firm GMO Woolley is planning to launch an absolute return strategies fund for European investors following a resurgence of interest in actively managed funds.

UK - Aegon Asset Management has made Louise Waugh head of UK institutional business.

SCOTLAND - Scottish-based SIPP provider launched last week claiming it will take advantage of the market's growth.

UK - Engineering workers' union Amicus will call for "pension pay" to be given the same protection in law as current pay at the TUC annual congress next month.

UK - Merrill Lynch Investment Managers has appointed Marcus Sperber as fund manager in its property division.

UK - The civil service has appointed Scottish Widows, Standard Life and AMP as its stakeholder providers.

EUROPE/UK - State Street Corporation has made Justin Shinebourne head of its equity sales team in Europe.