Europe

UK - Two schemes for railway manufacturers are undergoing a heavyweight review. Bombardier Transportation said it had been obliged to have an actuarial valuation of both its UK schemes, and that an announcement would be made early in 2002.

UK - Peter Jeffcote, head of the UK employment, pensions and benefits (EPB) team at Freshfields Bruckhaus Deringer (FBD) is to take over from Ian Terry as a managing partner of the firm.

UK - Deep-seated industry concerns over the success of stakeholder have been highlighted in an internal ABI document.

UK - State Street Global Advisors and Friends Ivory & Sime (FIS) have announced a strategic alliance to provide index-tracking funds with a socially responsible investment (SRI) overlay.

EUROPE - Deutsche Börse and Eurex are to launch a Dutch segment in Q4 as part of its ‘Global Markets Concept'.

UK - The government has appointed former chairman of the National Association of Pension Funds (NAPF), Alan Pickering, to lead a review of pensions legislation, aimed at cutting red tape.

UK - Deutsche Asset Management's (DAM) Adrian Frost has left the firm after 18 years.

UK - Standard Life has appointed Giles Henderson as a non-executive director.

UK - The Association of Consulting Actuaries (ACA) has endorsed the simplification of private pensions legislation and regulation by the government.

UK - The Society of Pension Consultants (SPC) has welcomed the proposal to extend the periods for correcting MFR (Minimum Funding Requirement) deficits.