Europe

UK - Scottish Equitable claims it has developed an answer to the "complicated and time-consuming" task of group transfers.

UK - Schemes that invest in US-based insurance companies are set to get "sweet" returns, Hiscox Investment Management predicts.

UK - Gartmore Investment Management is outsourcing its cash management funds to Morgan Stanley Investment Management.

UK - A scheme's administration department has been ordered to pay more than £8000 in compensation after misleading one member over the value of his pension.

UK - Radical plans to strip scheme trustees of their investment policy-making powers and hand them to employers have been unveiled by Gissings.

UK - Friends Provident has launched a Guide to State Pensions and Contracting-out.

UK - The NAPF is seeking regulatory changes which will enable employers to provide "helpful" pensions advice to their staff.

UK - Perenco UK has set up a new pension scheme with both DB and DC sections following a major acquisition.

NORWAY - The NOK803bn Government Petroleum Fund is seeking new external active managers for its emerging market equity and global equity portfolios.

UK - Third-party administrators will face increased competition from fund managers and software providers over the next five years, new research predicts.