Europe

UK - Full buyout costs will be imposed on insolvent companies that wind up their underfunded defined benefit schemes under draft regulations from the government.

UK - Morley Fund Management and Parkridge Developments have teamed up to launch a central European distribution warehousing parks fund.

UK - Baring Asset Management (BAM) has strengthened its small and mid cap team with the appointment of three new team members.

UK - Actuarial and benefits consultancy Lane Clark & Peacock LLP (LCP) has won a £250m mandate to provide actuarial and investment consulting services to the Trustees of the Interbrew UK Ltd pension plan.

UK - Schroders have appointed Allan Conway (pictured) as head of emerging markets equities.

UK - Multi-manager Investment Solutions Limited has been appointed investment manager for the Whitgift Foundation's £4m closed defined benefit (DB) pension scheme.

EUROPE - The pension fund deficit crisis is driving a major change in the balance between first, second and third pillar pensions, which could potentially open the market to private pension providers in Europe, according to Research and Markets Limited's...

UK - A new employer-led industry body has been set up to improve performance and productivity through the training and education of financial services companies.

UK - The department for work and pensions is recruiting a chairman for The Pensions Regulator board.

UK - The Financial Services Authority has fined Bank of Ireland £375,000 or breaches of its anti-money laundering requirements.