Europe

UK - Carillion - the business and construction services company - has appointed Threadneedle Asset Management to jointly manage its two DC pension schemes.

UK - Aberdeen Asset Management has sold its Guernsey ‘PCC' range of emerging market debt funds to Convivo Capital Management as part of a cost cutting drive.

UK - The Associated British Foods Pension Scheme has sold a four-unit freehold retail investment to clients of Credit Suisse Asset Management for £4.5bn.

UK - Lindsay Tomlinson, chief executive officer of Barclays Global Investors, Europe, has been elected as chairman of the Investment Management Association.    

UK - Workplace demand for good, occupational pensions will be the salvation of the industry, incoming NAPF chairman Terry Faulkner believes.

UK - Unions are threatening industrial action at insurance giant Axa (UK) unless it backs down over changes to its final salary scheme.

UK - Smith & Williamson has appointed John Gaulton head of its Bristol office.

UK - Sirius Financial Systems has appointed Noel Burger a sales consultant within its UK systems division.

UK - IFAs have been warned to be on their guard as the number of unauthorised investment firms has trebled over the past year.

FRANCE - Fortis Investment Management (FIM) is set to enhance its core capability in euro fixed income with the hire of Emeric Challier, formerly head of the global bond team at Société Générale Asset Management.