Europe

UK - Aegon UK has acquired a minority stake in IFA the Tenet Group for an undisclosed sum.

UK - The Confederation of British Industry has hit out at the "generous" treatment scheme members receive in the Pensions Bill.

UK - Brown Brothers Harriman has appointed Keith Haberlin as Head of Infomediary Sales for Europe.

UK - Jardine Lloyd Thompson Premier Pension Services has launched a new website for IFAs.

UK - Merrill Lynch Investment Managers has lost a £47m overseas equities brief after consultants told the London Borough of Havering Pension Fund to diversify.

UK - New pension legislation will be unworkable because the government has failed to communicate with employers and the industry, experts warn.

UK - Inland Revenue proposals for pension tax simplification will add "unwelcome complexity", industry experts warn.

UK - Thomas Miller, which owns the Occupational Pensions Defence Union, is launching a defined contribution scheme for new members in October.

UK - Companies are failing to minimise the financial impact of their pension schemes despite being aware of the risks involved, Deloitte & Touche claims.

UK - The Life Assurance Association and the Society of Financial Advisers have appointed Bob Bullivant as executive chairman following their planned merger.