Europe

UK - Axa Real Estate Investment Managers has purchased three key properties in Greenwich through its REPE fund.

UK - Radical changes are being made to Watson Wyatt's training programmes after trustees complained they faced a "skills gap".

UK - FPensions were the Financial Services Authority's third biggest area of complaints in the six months to March, 2003.

UK - The Financial Services Authority's new chief executive will be John Tiner.

UK - The Financial Services Compensation Scheme has reported a £1.2m pension fund deficit after only its first full year in operation.

UK - Restoring confidence in the pensions industry must start with changes to the state system, a report by the Pensions Policy Institute claims.

UK - State Street has dismissed market claims that it is about to be taken over by financial services giant Citigroup.

UK - Threadneedle Investments has appointed Simon Bond to its fixed income team. Bond will be responsible for a number of institutional investment grade credit funds, working with David Oliphant, Trudie Rothery and Andrew Crawford.

UK - Workers want pension contributions to be compulsory for staff and employers, a new report by Standard Life reveals.

UK - Plans by Equitable Life to compensate 16,000 victims of mis-sold guaranteed annuity rate policies have been branded "derisory" by a claimants' action group.