Europe

UK - Pension industry software provider The Exchange has launched a new compliance centre on its Exweb IFA portal.

UK - Law firm Sacker & Partners is advising pension fund trustee clients to implement a risk management system to protect against future claims.

UK - Scottish Widows Investment Partnership has appointed David Thomlinson as investment manager, global bonds and economics, effective June 16.

UK/IRELAND - ABN Amro Mellon Global Securities Services has introduced a financial reporting application to support the Statement of Recommended Practices pension reporting requirements in the UK and Ireland.

UK - Winterthur Life's group pensions business increased 106% to £28m in the first quarter of 2003.

UK - The Financial Services Authority has announced the conclusions of its consultation on shortselling.

UK - Schemes will have to rewrite their rules for workers over 65 if an appeal against a landmark tribunal ruling fails, lawyers warn.

UK - Multi-manager Frank Russell has added Thames River Capital to its European equities line-up.

ITALY - Italy's Byblos pension scheme, which covers the paperworks, graphics and publishing industries, is seeking managers for its e41m assets.

EUROPE - Europe's ageing population will reduce the growth in EU GDP per capita by 0.4% on an annual average basis between 2000 and 2050, according to a new report from the European Commission.