Europe

UK - Britannic Asset Management's UK Equity Select Pension Fund has outperformed the FTSE All-Share by 5% points since its inception at the end of March 2002.

UK - Abbey - the rebranded Abbey National business - has launched a comprehensive and scaleable wrap service for independent financial advisers.

EUROPE - Gérard Ménéroud, the new chairman of the Comité Européen des Assurances' (CEA) life insurance committee, is to focus on the taxation of occupational pension schemes during his two year term.

UK - Exclusive: Nikko Global Asset Management has been dropped from the roster at the London Borough of Islington Pension Fund following performance concerns, said a source close to events.

UK - Schemes and insurers are demanding an "impartial" succession to the departing British Sky Broadcasting chief executive.

UK - Hartley-Sas has appointed Robin Hooper as the group's new managing director.

SPAIN - Telefonica, the telecoms giant, has sold 11% of its pension fund manager, Fonditel, to two trade unions, reported Spanish newspaper, Expansion.

UK/EU - Britain has been given two years to bring its pension policies in line with European law.

UK/EU - Britain has been given two years to bring its pension policies in line with European law.

EUROPE - New reform plans to promote greater transparency in Europe's credit markets have come under heavy criticism from one fund manager who has warned that the move may deter issuers.