Europe

UK - Investment management stalwart Andreas Utermann is to return to managing pension fund money after a two-year break.

UK - State Street Global Advisors has promoted Rick Lacaille to chief investment officer, UK.

UK - Pension funds are spearheading the UK response to moves for an international code of practice on shareholder responsibility.

UK - Telecommunications giant Cable & Wireless has revealed a £476m deficit in its defined benefit scheme - a tenfold increase on the previous year.

UK - Invesco has launched its first enhanced index product for UK investors through its institutional UK equity fund.

UK - Watson Wyatt has appointed Graham Renwick as a senior consultant in its benefits practice, based in Reigate.

UK - Work and pensions secretary Andrew Smith has revealed the full line-up for the employer taskforce on pensions which was outlined in the Green Paper.

UK - Investment management consultant Citisoft has designed a client reporting system for FF&P Asset Management.

GREECE - The International Monetary Fund (IMF) has urged Greece to review existing measures to address population ageing.

UK - Supermarket giant Safeway has warned staff their career average pension scheme is likely to be axed if the firm's impending takeover goes ahead.