Europe

UK - Royal London Asset Management (RLAM) has agreed to outsource its fund accounting activities worth £4.5bn in unit trust assets to JPMorgan Investor Services.

UK - Scheme members who lost up to 80% of their pensions under a "Bradstock-type" deal have been thrown a lifeline by deputy prime minister John Prescott.

UK - Schemes risk government regulation if they are unable to demonstrate a greater commitment to activism, Insight Investment claims.

UK - Shareholders were urged to oppose the re-election of two non-executive directors at the Liberty International annual general meeting.

UK - British Telecom's £26.6bn scheme is setting up a dedicated unit to handle its first hedge fund investments. And it is inviting other schemes to join it.

UK - Pension fund investors in Eurotunnel have been urged to vote against a revolt by French shareholders.

UK - Portfolio turnover plays a crucial role in establishing whether a fund is actually doing what it claims to, according to new research.

UK - Pension funds are targeting greater outperformance in their fixed income portfolios to counter lower expected return on their assets, according to Watson Wyatt.

UK - Regulators have given fund managers and brokers until December to improve transparency on soft commissions and bundled payments or face "regulatory intervention".

UK - The £250m London Borough of Havering Pension Fund has dropped Merrill Lynch Investment Managers as its sole manager as part of a move towards specialist management.