Europe

UK - Morley Fund Management has announced several key changes to the structure of its board.

UK - Current proposals to reform annuities are "inadequate" and are likely to benefit less than 5% of retirees, according the Association of British Insurers (ABI).

UK - The pension scheme for Northern Ireland Assembly members appointed Clerical Medical as its AVC provider last week.

UK - Car dealership software group Kalamazoo put itself up for sale because it could not afford to pay its pension liabilities.

UK - Schroder Investment Management has issued a caution to pension funds against a wholesale move to bonds, insisting that equities are still a safe-haven for long-term investors.

UK - Hermes Pensions Management has blazed a trail among funds by making large market gains in the aftermath of the September 11 attacks.

UK - Four shareholder meetings are worthy of note in the week starting January 14, according to corporate governance specialists Institutional Shareholder Services (ISS).

UK - Trustees of the £700m Surrey County Council Pension Fund will discuss possible legal action against Merrill Lynch Investment Managers (MLIM) at their meeting next month.

UK - Current risk models used by fund managers can be vastly different to actual levels of portfolio risk, an ABN Amro report claims.

UK - Towers Perrin has been appointed as actuary and consultant to Peugeot Motor Company's three UK defined benefit plans.