Europe

UK - Corporate governance review author Derek Higgs has admitted the first draft of the document was "too prescriptive and harsh".

UK - Working abroad - like England soccer star David Beckham - can cut at least 10% from future pension payouts, HSBC Bank says.

UK - Gartmore Investment Management has merged its Continental and pan-European equity desks.

UK - SIPP provider James Hay Pension Trustees has launched a guide on using its investment centre.

UK - Fund managers are looking to forge stronger relationships with trustees in a bid to improve their understanding of scheme liabilities.

UK - Jesper Christensen and Simon Painter have been made partners at law firm Bircham Dyson Bell.

UK - Salary rises for management companies floated on London's Alternative Investment Market have been far lower than their FTSE counterparts, new figures show.

EUROPE - Stockholm-based investment manager IPM (Informed Portfolio Management) has embarked on a joint venture with California-based quantitative specialist First Quadrant to offer European pension funds tactical asset allocation services and currency...

UK - Axa Investment Managers has appointed Samantha Lane as an analyst to the private loans team.

UK - Logistics company Tibbett & Britten is outsourcing the administration of its £285m final salary scheme to Jardine Lloyd Thompson.