Europe

UK - The £5.6bn Greater Manchester Pension Fund has appointed strategic property adviser DTZ Debenham Tie Leung.

UK - Aon Consulting has issued a new briefing summarising existing employment rights and pension benefits during maternity leave and other periods of family leave as set out in current legislation.

UK - Deutsche Asset Management (DeAM) is to lose two of its most senior executives, as Neil Dunford and Michael Philipp are to leave the firm.

UK - Unions have given cautious welcome to a Government proposals aimed at protecting the pay and benefits rights of workers who have been transferred from the public to the private sector.

UK - The decline in UK equity allocations for pension schemes will accelerate, fund managers predict.

UK - The CBI is pressing for changes to controversial accounting rules that could slow the shift away from final salary pension schemes.

EUROPE - Friends of the Earth has slammed MEPs on the European Parliament's industry committee for rejecting a proposal forcing EU firms to report on their social and environmental performance.

UK - The Pensions Management Institute (PMI) has elected Penny Green as vice president for 2002/2004.

UK - The Department of Health (DoH) is on the verge of settling with unions over the issue of backdated pension benefits for its part-time workers, according to a source at the Trades Union Congress (TUC).

UK - Average pay for appointed actuaries has rocketed by over 16% to almost £160,000 per year, says actuarial recruitment firm GAAPS.