Europe

UK - A definitive investment strategy for pension schemes in the 21st century is impossible to devise, according to Lane Clark & Peacock.

UK - Mellon Global Investments, a unit of Mellon Financial Corporation, has appointed Keats Brydon as institutional marketing manager.

UK - Mercer Human Resource Consulting (MHRC) has appointed Elizabeth Renshaw-Ames as a European partner, based in London.

UK - Baring Asset Management (BAM) has boosted its fixed income team with the appointments of Ece Ugurtas as a director and fund manager and Van Nguyen as a credit analyst.

UK - Schroders is backing a move to value companies on more than just their finances.

UK - Third-party administrators have failed to invest adequately in the bundled DC market and are unable to meet trust-based providers' requirements.

UK - Offshore fund markets are proving robust with the investment industries of Guernsey and Jersey raking in a combined US$164.8bn in funds managed and fund serviced at the end of June, 2003.

UK - ISIS has strengthened its bond team with the addition of Adam Mossakowski as an assistant fund manager. Mossakowski joins ISIS from Axa where he was junior investment manager on the sterling investment grade fixed income team.

UK - Half of the country's top directors have adopted "best practice" in their boardrooms following sustained pressure from shareholders, new research suggests.

UK - Fidelity Investments is to offer two further retail funds to bolster the range available to DC scheme members.