Europe

UK - IFAs could save up to £750 a year for their pension clients using two web-based pension tools, Assureweb and Winterthur Life claim.

UK - A trade union has called on the Conservative Party to clarify its policy on retrospective compensation.

UK - Multi-manager specialist Skandia has launched a section 32 buyout bond product for IFAs.

EUROPE - The Committee of European Securities Regulators (CESR) has launched a consultation paper aimed at establishing how regulators can ensure consistency in the implementation of the European Financial Services Legislation.

UK - The National Association of Pension Funds will take a close look at Barclays Bank's annual report to ensure the chief executive's £1.39m pay rise is in line with performance.

UK - Two local authority schemes have teamed up to produce total benefit statements as part of plans to encourage members to increase their savings.

UK - The department of health is hoping flexible benefits will help boost National Health Service recruitment.

DENMARK - The DKK259.7bn (e34.8bn) Arbejdsmarkedets Tillaegspension (ATP) is searching for managers to run a e100m US mortgage bond mandate.

UK - The number of schemes investing in hedge funds is expected to double this year as trustees seek to bolster returns and reduce risk.

UK/DENMARK - Danish pension funds PKA and Magistrenes Pensionskasse have signed agreements with Ethical Investment Research Services (EIRiS), the socially responsible investment firm.