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GERMANY - Merrill Lynch Investment Managers (MLIM) has been appointed by pension scheme for E.ON - the German energy giant - to run a e50m European small-cap equity mandate.

GERMANY - A growing number of people are topping up the declining benefits of the statutory pension through private pension schemes, according to Allianz Leben.

SWITZERLAND - The Pensionskasse des Bundes (PKB), has dumped three quarters of its external active equity managers.

SWITZERLAND/UK - Zurich Financial Services has continued selling-off its non-core business division by divesting the business of Zurich Life Assurance Company (Zurich Life) to Swiss Re for US$460m.

AUSTRIA - State Street has completed its acquisition of the Global Securities Services Austrian business, which the company purchased from Deutsche Bank in January 2003.

GERMANY - Germans are already cancelling their private pensions policies just over 18 months into the Riester reforms, according to a survey from the German Institute of Retirement (DIA).

SWITZERLAND - Pension funds in Switzerland returned on average 7% for the second quarter of the year, up from -2.7% in the first quarter, according to a report from InterSec Research.

SWITZERLAND - The Fonds de compensation de l'Assurance -Vieillesse et Survivants (AVS) sustained losses of Sfr1.016bn in 2002, attributed to the downward trend in equity markets.

GERMANY - Heubeck, the German actuarial consultancy firm, sees further potential in the German corporate pensions market, particularly among medium sized firms.

GERMANY - Hans-Martin Guhr, former managing director of Universal-Investment, Frankfurt, has died aged 65.