Royal London Group is to buy shares in Investment Funds Direct Group, the holding company behind fund supermarket Fundsdirect and the Ascentric Wrap service.

Schroders has seen institutional outflows of £2.9bn over the last three months as it focuses on higher margin business, its latest trading update says.

Robert Roseman, partner, Spector, Roseman & Kodroff Roseman is one of the founding partners of Spect...

U-turn backed on Telent deal; Strikes and falling profits - but Royal Mail boss gets £1.3m; Lord Falconer ‘plans to sue Brown for bigger pension'; Third-quarter dip at Royal London

The National Association of Pension Funds is set to discuss the T-Charter transition management code of practice at the next meeting of its investment council, PP has learned.

UK - Pension Corporation's take over of Marconi remnant telent continued to falter as the Takeover Panel granted a further extension to the buyout company's consultation period and the option of leaving the deal completely.

UK - Royal Mail Group has blamed its disappointing profits for the 2006-07 year on a £193m (US$401m) rise in pension fund costs.

GLOBAL - A tool to facilitate pension funds' Markets in Financial Instruments Directive (MiFID) compliance has been launched today by BidRoute.

UK - Liverpool City Council has voted unanimously in favour of pulling its pension fund out of arms investments - the first time a UK council has passed such a resolution.

US - Stringent regulations forcing companies to disclose the financial, economic and material risks of climate change are urgently needed, according to the Californian Public Employees' Retirement System (CalPERS).