Europe

UK - The £16bn Consignia Pension Scheme has promoted its finance director Gerry Degaute to chief executive.

UK - The London operation of JPMorgan Fleming Asset Management has been given an AA+ rating by fund manager rating agency Fitch-AMR.

EUROPE - In the interests of enhancing liquidity, Pricoa Property Investment Management has received approval from the 14 UK institutional investors in its pan-European property unit trust to restructure the E195m fund into an open-ended limited partnership....

UK - Goldman Sachs has reported net earnings of US$563m for its fiscal second quarter ended 31 May, 2002.

UK - Colt Telecommunications has appointed Gissings to implement a flexible benefits programme for its UK-based staff.

UK - Scottish Equitable is launching a web-based program that will make it easier for members to join group personal pension and stakeholder schemes.

UK - Institutional shareholders have urged Vodafone to reduce future executive bonuses to reflect company performance more accurately.

UK - Watson Wyatt has released its 2002 UK Compensation Report detailing remuneration data from 212 UK companies.

BELGIUM - The Brussels-based Fédération Européenne des Fonds et Sociétés d'Investissement (FEFSI), the pan-European federation of investment managers associations and companies, has elected Wolfgang Mansfeld its new president.

UK - Annual returns for UK property has risen 2.4% in the last three months, according to Jones Lang LaSalle.