Europe

UK - Jardine Lloyd Thompson has made two new appointments to its Glasgow-based consulting and actuarial team.

UK - State Street has named Peter Adams as London head of its UK Pensions Servicing team.

UK - A major survey of pensions funds has concluded that investment consultant firms should not offer manager-of-manager services.

SCOTLAND - Heath Lambert Consulting has appointed Douglas Walker as business development manager for its corporate pensions and benefits team.

UK - Cleveland Police Force is investigating ex-officers' pension entitlements in a clampdown on the number of staff receiving ill-health benefits.

UK - Scheme deficits at Britain's biggest 100 firms soared to £55bn in the past 12 months, a survey by Lane, Clark & Peacock shows.

UK - IPN's sister title, Global Pensions, has revealed that some consultants' claims of holding independent beauty parades for manager-of-manager products are flawed due to the firms protecting their proprietary manager research.

SWITZERLAND/UK - Zurich Financial Services has continued selling-off its non-core business division by divesting the business of Zurich Life Assurance Company (Zurich Life) to Swiss Re for US$460m.

UK/EUROPE - Goldman Sachs Asset Management (GSAM) is going all out to capture the traditional business of consultants in launching its own asset advice service which encroaches further up the pensions management supply chain than any fund manager has...

UK - Standard Life's funds under management rose £3.3bn to £86.6bn in the six months to May this year.