Europe

UK - Standard & Poor's, the global rating agency, said yesterday that it had revised its CreditWatch implications to developing from negative on UK-based cruise operator P&O Princess Cruises.

UK - P3 Corporate Pensions has acquired Creation, a corporate pensions product from Wealth Management Software.

UK - Members of defined contribution schemes could end up with a "meagre" pension if they do not keep up healthy levels of contributions, according to KPMG Pensions.

UK - PSolve, the new Punter Southall financial consultancy, has won the mandate to advise on the review of investment strategy at The Electricity Association Services Group (EAS Group).

UK - Lazard Asset Management's Mark Pollard has quit as the firm's head of European Equities in order to reassess his life, a spokesman for the firm said.

UK - William M Mercer has taken the unusual step of revealing its asset manager research data - data which reveals that its manager recommendations have beaten their benchmarks in 39 out of 45 asset categories.

UK - Jardine Lloyd Thompson Benefit Solutions (JLT) has made a senior appointment as part of a move to expand in Scotland.

UK - Jardine Lloyd Thompson (JLT) has appointed Clive Hamilton as business development manager, with responsibility for growing the business in the Midlands and the North of England.

UK - The £189m Royal Borough of Kingston-upon-Thames Pension Fund is tendering for a global custodian.

EUROPE - The European Commission has reinforced safeguards for insurance policyholders by boosting solvency margins for life and non-life sectors in light of "new risks".