Europe

UK - The Myners review - which celebrated its fist anniversary this week - has brought greater trustee professionalism and improved scheme decision-making, according to industry experts.

UK - One London borough, Brent, has appointed to private equity while another, Waltham Forest, has had its plans delayed until summer.

UK - UK fund managers say they have shirked off much of the impact of the Enron collapse, and claimed the UK is not suffering from the nervousness currently affecting the US markets.

UK - Global custodian Northern Trust claims it now has 20% of the UK's local authority market.

UK - New regulations which aim to give pension scheme members increased protection against wind-ups could have the reverse effect, a consultant claims.

UK - In a letter to Railtrack, the Financial Services Authority (FSA) has backed the rail infrastructure firm's version of events leading up to its collapse with regard to past speculation about the state of the company's knowledge prior to the entry...

UK - Friends Provident has become the latest insurer to cut with-profits payouts, warning that figures could drop further still.

UK - The Accounting Standards Board is softening its line on the controversial new accounting standard FRS17.

EUROPE - Dutch superfunds, the EUR150bn ABP and EUR50bn PGGM, and multi-managers Frank Russell have become the latest members of the steering group of the Investor Risk Committee (IRC).

UK/GLOBAL - BlueBay Asset Management has launched a $150m hedge fund this week - its first product after the company was set up last year.