Europe

UK - Trustees have been warned about the extra Data Protection Act burdens they face when running DC schemes.

UK - The savings gap, estimated at £27bn according to the Association of British Insurers, is well documented, says Mary Davies, director at The Pre-Retirement Association.

EUROPE - Continental European pension funds were net buyers of equities in 2002, opting to weather heavy market falls contrary to popular belief.

UK - Fund managers are backing Hewitt Bacon & Woodrow's claims that "blindfolded monkeys" would give schemes a better measure of return than peer group benchmarks and indices. Baring Asset Management's head of UK institutional business Jenny Segal said...

UK - Co-operative Insurance Society has increased market share in long-term savings, investment, and protection.

UK - The shift from final salary to defined contribution provision continues unabated, the latest JPMorgan Fleming Defined Contribution Industry Survey reveals.

UK - Workers are being confused by over-inflated pension projections when they join a money-purchase scheme, Aon Consulting claims.

UK - Butterfield Private Bank has launched a range of pension banking services to create a "one-stop shop" for SIPP and SSAS provision.

UK - Ben Miller has been made a partner at DLA.

UK - Insight Investment has recruited Yvonne McGrann from Merrill Lynch Investment Managers as its new head of fixed income dealing.