Europe

EUROPE/UK - Inco Europe - the regional arm of Canadian mining and metals company Inco - has appointed Rothschild Asset Management to manage a £20m specialist UK equities mandate as part of its £60m European Pension Plan.

UK - The £11bn British Coal Staff Superannuation Scheme is to make independent costs analyses of all its equity fund managers in bid to cut costs.

UK - The basic state pension has risen faster than inflation between 1998 and 2002, pensions minister Ian McCartney told Parliament.

UK - The Institute of Marine Engineering, Science and Technology pension scheme has appointed Jagger and Associates as its investment adviser.

EUROPE/UK - Inco Europe - the regional arm of Canadian mining and metals company Inco - has appointed Rothschild Asset Management to manage a £20m specialist UK equities mandate as part of its £60m European Pension Plan.

UK - New data suggests that the financial service sector could be on the road to recovery since 2000, albeit at a moderate pace.

UK - The introduction of FRS17 means large pension benefit improvements are unlikely to ever happen again, Lane Clark & Peacock claims.

UK - Geoff Henry, chief executive of the £3bn Merchant Navy Officers Pension Fund, has relinquished his role as managing director of its administration arm.

UK - Investment Education is holding a range of one- and two-day training seminars aimed at trustees throughout July and September.

UK - Pension schemes can be a vital tool in recruiting and retaining staff - provided their value is explained to members.