Europe

UK/EUROPE - Fund managers are having to rethink their business strategies in the face of investor dissatisfaction and falling markets, a KPMG survey reveals.

UK - Pension funds have given British Energy 10 months to split up Robin Jeffrey's dual role as chairman and chief executive.

UK/GLOBAL - Tillinghast-Towers Perrin has joined forces with Australian-based Classic Solutions to provide financial modelling software.

UK/EUROPE - Pension funds and insurance companies are joining forces to oppose a European directive that would curtail shareholder voting rights.

UK - A new generation of stakeholder pension products that could be sold without financial advice is one of the key proposals in the Sandler Review.

BELGIUM - The EUR3.3bn pension fund for telecoms giant Belgacom has appointed Lasalle Investment Management to run the EUR85m European real estate brief.

UK/EUROPE - Pension funds and insurance companies are joining forces to oppose a European directive that would curtail shareholder voting rights.

UK - Workers at steel giant Caparo are to go on strike next week over the closure of their defined benefit pension scheme.

UK - London arm of Swiss private bank and asset manager Lombard Odier has signed up solutions provider Financial Models Company (FMC) to implement its beta release fixed income attribution (FIA) system.

UK - The Sandler Report on retail investing fails to to encourage savings among lower earners, according to Mercer Human Resource Consulting.