Europe

UK - Credit Suisse Asset Management is to revamp its management structure.

UK/US - Trustees should look to the US for practical lessons on how to safeguard investments and protect pension fund assets, lawyers claim.

UK - Income lost by delaying annuity payments could take more than a decade to recoup, new research shows.

UK - OPRA has fined the Communication Workers' Friendly Society £720 for failing to make payments into its pension scheme over a period of 12 months.

UK - Morley Fund Management has appointed Iain Richards as head of its corporate governance team, public policy, effective June 23.

UK - Less than a third of the pension providers have the technology to provide statutory money purchase illustration statements, a survey by Dunstan Thomas shows.

UK - Proxy voting agency Manifest has unveiled a new product for pension funds that want to take a greater interest in corporate governance.

UK - A risk-modelling system which schemes can use to evaluate fund managers' performance has been developed by Aon Consulting.

UK - Private finance initiative hospitals are creating a two-tier pension system in the health service, union leaders claim.

UK - OPRA complaints increased substantially in the first quarter despite a dip in reports relating to occupational schemes, new figures show.