Europe

EUROPE - Frank Russell had added to its multi manager line up in its European investor range.

UK - Most people who take out with-profits investments have only a rudimentary understanding of how they work and buy without reading the product information provided, new research from the Financial Services Authority (FSA) reveals.

UK - Tipton-based engineering company Oystertec's £25m pension scheme has appointed independent actuary Jagger & Associates to act as its investment consultant.

UK - Raj Shant is to quit his position at Credit Suisse Asset Management (CSAM) just months after receiving a promotion, and is set to join Mellon unit Newton.

UK - The £1.25bn Norfolk County Council Superannuation Fund is considering an allocation into private equity of between 3-5%.

UK - Uncertainty created by more volatile pension accounting figures is set to turn many more companies away from final salary provision, according to a new study.

EUROPE - The UK remains a model for corporate governance standards across Europe, according to the PIRC Corporate Governance Annual Review for 2001.

UK - Legal action by the Railtrack Shareholders' Action Group moved a step closer when the government failed to meet a deadline for the release of key documents.

UK - Shareholders will be able to veto unmerited salary rises for directors under new regulations which are due to become law by the end of the year.

UK - Goldman Sachs Asset Management has launched five new pooled funds for medium and small sized pension funds, with a minimum investment level of £5m (EUR8.1m)