Europe

UK - Bill Lambert has been promoted to the new position of head of middle office at Standard Life Investments following the decision to outsource the firm's administration services to Citigroup.

UK - Wraps will be a part of everyday business for 90% of financial advisers in the next three years, new research shows.

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

EUROPE - MGS Investment Property (MIP) is banking on a "change in mindset" among UK pension funds in a bid to tempt them into direct global property investment through government schemes.

UK - Scottish Equitable has launched a risk profiling tool to "take the uncertainty" out of setting investment strategy.

UK - Scottish Widows Investment Partnership has launched a series of low-risk, high-return liquidity funds.

UK/MYANMAR - ISIS Asset Management, Europe's largest socially responsible investment specialist, has "welcomed" British American Tobacco's (BAT) decision to pull out its controversial asset operations from Myanmar (Burma).

UK - Better education is a better way to protect investors than tighter regulatory controls, financial advisers claim.

UK - The Local Authority Pension Fund Forum has kick-started a campaign to target firms with "poor employment practices and performance histories".

UK - Industry experts need to do more to educate investors on private equity.