Europe

UK - Aon Consulting have appointed Paul Macro (pictured) to head up the firm's defined contribution (DC) consulting business.

UK - "High alpha" and "core" teams will form the centrepiece of F&C Management and ISIS Asset Management's new pan-European structure when the companies complete their merger on October 11.

UK - Nicola Ralston will succeed Nick Fitzpatrick as head of global investment consulting at Hewitt Associates when he retires from the firm next year, Hewitt announced today.

UK - Pension funds returned 1.3% over the three months to August 31, according to HSBC Actuaries and Consultants.

UK - Austria has taken to alternative investments faster than other European pension markets, says RMB International head of business development Jeremy Beswick (pictured).

UK - UK pension scheme assets grew less than schemes in any other developed country in 2003 according to research by Watson Wyatt.

DENMARK - Arbejdsmarkedets Tillaegspension (ATP), the e37bn Danish pension fund, will cut around 150 jobs over the next couple of years.

UK - Turner & Newellís administrators have been granted an emergency High Court hearing to challenge a plan which could result in huge cuts to members' benefits.

UK - Human resources outsourcing and consulting services provider Hewitt Associates has announced the completion of its merger with Exult Inc.

UK - Specialist investment management consulting firm Citisoft has expanded its compliance capabilities with the appointment of David Roy, who will provide services to Citisoft's global clients for front office projects.