The National Association of Pension Funds, which speaks for billions of pounds invested in the stock markets, has backed down from a well-publicised plan to offer a £10m "bounty" to pursue animal rights extremists through the courts.

The National Association of Pension Funds, which speaks for billions of pounds invested in the stock markets, has backed down from a well-publicised plan to offer a £10m "bounty" to pursue animal rights extremists through the courts."