Europe

UK - Moves to help address the problems IFAs are facing over professional indemnity cover have been unveiled by the Financial Services Authority.

UK - Local authorities have been short-changed if they have used cash from council house sales to plug scheme deficits.

UK - Putnam Investments has appointed Maria Garcia Lomas as vice-president of high grade research in its London office.

UK - Government proposals to reform the UK savings market will mean new stakeholder products will reach low and middle earners, Royal London believes.

UK - Scottish Widows Investment Partnership is launching five pooled funds for pension funds, all with scheme-specific benchmarks.

UK - Money purchase schemes are urging the NAPF to ensure its newly-created DC forum does not become merely a "talking shop".

UK - Sirius Financial Systems has appointed Ian Bullen to the newly-created role of chief executive, solutions business unit.

UK - Premier Oil has released its first ever sustainability report but failed to mention its withdrawal from Burma following human rights calls by pension funds.

UK - Ashtenne and Morley Fund Management have attracted £29m of new investment into their limited partnership - the Ashtenne Industrial Fund.

UK - Higham Group has opened offices in Telford and Glasgow in response to increasing demand for its wind-up and pension review capabilities.