Europe

UK - Pensions administration specialist MNPA has made Sue Applegarth managing director.

UK - More than £645.9m is now invested in exchange-traded funds (ETFs) based on Standard & Poor's (S&P) Europe 350 Index.

UK - The Trades Union Congress (TUC) has welcomed the Government's intention to legislate against bloated executive pay.

UK - Companies facing bankruptcy over pension scheme minimum funding requirement debts can make reduced payouts to trustees, the High Court has ruled.

EUROPE - EIM has appointed Richard Kleinbauer as head of its long-only asset management activities.

UK - The Association of British Insurers (ABI) has appointed Sandy Crombie, chief executive of Standard Life Investments, as the head of its investment committee. 

EUROPE - The passage of the European pensions directive, which is expected to return to the European Parliament in the autumn for its second reading, will not be a smooth one, according to opposing camps in Europe.

UK - Darwin Rhodes has appointed Jonathan Mortimer and Paul Battye as consultants to work in its Leeds office.

UK - Schroder has closed its private equity fund of funds after it raised over £242m.

UK - Actuaries are planning to include discontinuance valuations - showing trustees how much it would cost to close a scheme - in actuarial reports.