Europe

UK - Watson Wyatt senior consultant David Harris has left the firm to launch his own consultancy, Tor Financial Consulting.

UK - The £1.3bn Fujitsu Services ICL Group Pension Plan has awarded a global tactical asset mandate in a bid to boost returns.

UK - The fund management industry enjoyed steady profits last year but there are challenges ahead, a survey shows.

UK - Company reporting requirements should be extended to reflect the ethical concerns of pension fund trustees, corporate governance experts claim.

UK - A risk management solution has been launched which can simulate the impact of historical crises on hedge funds.

EUROPE - The European Financial Reporting Advisory Group (EFRAG) has said that it supports the proposed amendment to the IAS19, which gives companies the option to recognise actuarial gains and losses as they occur in the balance sheet.

UK - Mercer Human Resource Consulting is holding a seminar on pensions governance next month.

UK - Insurance giant Legal & General is to offer its life and pensions products through Cofunds, the independent fund supermarket.

UK - Standard Life Investments has paid £14.2m for the freehold of a TK Maxx unit in Newcastle-under-Lyme for its Unit Linked Life Fund.

UK - Halifax has received a quality mark from the Pensions Protection Investments Accreditation Board.