Europe

UK - Nearly a third of Barclays shareholders followed NAPF's advice and refused to back the bank's remuneration report at its annual general meeting.

UK - Pooled property funds soared by 1.5% in the first three months of this year, figures based on Investment Property Databank indices show.

EUROPE (incl-UK) - Global Asset Management has launched sterling and euro versions of its fund-of-hedge funds.

UK - The UK's two leading budget airlines are cutting back on staff pensions in a bid to stay competitive in a hostile market.

UK - Gartmore Investment Management has won cash mandates worth a combined £25m from Warwickshire County Council and seven other local authorities in the first quarter.

UK - Christine Brannigan and Helen Caldwell have joined Pip Sanford as directors of new pensions recruitment consultancy Branwell Ford Associates.

UK - HSBC is under fire for awarding a £36m pay deal to its new director, William F Aldinger III.

UK - Consultants have been accused of ignoring alternative asset classes and muscling niche fund managers out of the market.

UK - ABN Amro Equities has been fined nearly £1m for market misconduct and serious compliance failures by the Financial Services Authority.

UK - DC specialist Winterthur Life has appointed a non-executive director and special adviser to its board in a bid to "reinforce" its corporate governance regime.