Investment

BP directors will face "testing questions" from schemes in the wake of the firm's decision to suspend dividends for the remainder of the year, the National Association of Pension Funds says.

The government set "tougher targets than expected" in yesterday's Budget, fund managers say.

A group of consumers has warned the department for work and pensions a "too broad" review of the 2012 reforms would compromise the "hard-won consensus" on auto-enrolment.

Global - The European asset management industry is expecting a new wave of international merger and acquisition activity as participants prepare to expand into Europe, Asia and South America, research suggests.

Industry figures are rushing to lobby the government on crucial pensions issues ahead of tomorrow's emergency Budget.

F&C shareholders have approved the company's proposed £53.6m takeover of Thames River.

George Osborne should increase the compulsory annuitisation age to 80 in Tuesday's emergency Budget, Living Time says.

US - New Jersey's pension investments lost 3.8% in May as world stock markets slumped.

US - The Securities and Exchange Commission has proposed new rules around the marketing and advertising of target date funds meant to prevent investors from being ‘misled' when deciding to invest.

CHINA - China's national pension fund plans to increase overseas investments in stocks and bonds, including securities in Taiwan, to boost returns as global markets recover from the financial crisis.