Europe

UK - Total fund assets in Jersey grew by US$5.4bn despite difficult global investment conditions, according to research firm Fitzrovia International.

UK - Legal & General is restructuring its asset management operations and has issued a new convertible bond to help finance the reorganisation.

UK - The Isle of Man is set to enter the global pensions arena in a move that could see the creation of new pension schemes and attract further business to the Isle's existing pensions industry.

UK - The Financial Services Authority (FSA) has signed an agreement with the UK investment exchanges in bid to crack down on market abuse.

UK - Mercury Asset Management's Select team "did not have any preventative controls" on its fund managers' investments, the High Court heard yesterday.

UK - Deutsche Asset Management (DeAM) is to sponsor a fund management prize at City University Business School, London.

UK - Nomura Asset Management UK has appointed Philip Sellers as an advisor to its London-based operation.

UK - Employee benefits consultancy Gissings has been hired by Stevenage-based IT company LOGiCOM to provide full pensions services in the UK and across the firm's European locations.

UK - The FTSE4Good index series is now complete with the launch of two new benchmarks - the FTSE4Good Global Index and the FTSE4Good US Index.

UK - Pension review progress has received a further boost with new figures released today showing three quarters of the review is now complete with offers made to consumers so far amounting to £8bn in total.