Europe

UK - There is "no room for error" in DC administration, DC Solutions head of business development Ian Buchan claims.

UK - Trustees risk maladministration claims unless they invest defined contribution funds immediately, lawyers warn.

SPAIN - Santander Central Hispano Asset Management, Spain's largest fund manager, has gone live on HiInvest, a fund management and order generation system from solution provider, DST International. Santander, which has E61.2bn under management, has...

UK - Current debates on the future of pensions have failed to grasp the need for employer and employee education, Invesco Pensions claims.

UK - Watson Wyatt has appointed Jonathan Crowther as a senior investment consultant.

EUROPE - Norway's e77bn Petroleum fund has hired five US mortgage-backed bond managers in its first foray into the asset class.

EUROPE - The property fund management joint venture between Henderson Global Investors and M.M. Warburg, Warburg-Henderson KAG, has announced the launch of its third fund, Pan-Europa Fonds Nr.1.

UK - Nearly two-thirds of workers get information on their occupational pensions from financial advisers, research by Axa reveals.

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

EUROPE - Carlo Eräkallio has been appointed managing director of Mandatum Asset Management, the investment division of financial services group, Sampo effective.