The biggest stories on PP this week include AMNT launching its red lines initiative to give trustees more voting power and HSBC slashing 'pension' payouts for top executives. Here are the top five

Legal & General (L&G) will no longer report to shareholders on a quarterly basis, after a landmark decision removed the requirement for interim reporting.

Pension Insurance Corporation (PIC) has invested £75m in debt issued by Virgin Atlantic Airways (VAA) secured against the airlines landing slots at Heathrow Airport.

The Institute of Chartered Accountants Staff Pensions Fund has insured £30m of liabilities through its second medically underwritten buy-in in under two years.

Book by Lawrence Gosling

More than one third of pension schemes experienced fraud this year as risks to members were increased by the introduction of the April freedoms, according to research by RSM.

BT Pension Scheme (BTPS) has pulled its inflation-linked bond mandate from Hermes Investment Management, cutting assets under management (AUM) at the business - which it still owns - by more than a quarter.

The collective investment vehicle set up by London Councils has launched its first sub-fund just weeks after getting the regulatory green light.

Loss of funds leads to closure

Renold Pension Scheme has fully de-risked around a quarter of its UK liabilities on a medically underwritten basis just months after entering a similar transaction.