Europe

UK - Consulting actuary Lane Clark & Peacock has appointed Michael Hepher as independent director and chairman.

UK - Tightening lax administration procedures will help schemes prevent fraud and cut costs from system errors.

UK/EUROPE - Pacific Alternative Asset Management Company is to open an office in London and has hired four senior management professionals.

UK - The government must "learn the lessons of stakeholder" and stop meddling in the design of pensions and savings products, the Association of British Insurers warns.

EUROPE/UK - Investment manager Schroders has launched a second private equity fund of funds targeting £250m.

UK/US - Pension schemes are welcoming new international tax rules which simplify benefits for firms in the UK and the US.

UK - Schroder Property Investment Management is urging schemes to increase their allocations to the residential sector, despite fears about a market slowdown.

UK/EUROPE - Barry Sagraves has been appointed to the newly created post of chief executive officer of Northern Trust Global Investments' European investment business, headquartered in London.

EUROPE/UK - Investment manager Schroders has launched a second private equity fund of funds targeting £250m.

UK/EUROPE - Barry Sagraves has been appointed to the newly created post of chief executive officer of Northern Trust Global Investments' European investment business, headquartered in London.