Investment

Proposed updates to global investment performance standards are too prescriptive and fail to recognise attempts to converge accounting practice, the UK Investment Performance Committee warns.

The Pensions Regulator's extended power to issue contribution notices under the material detriment test has come into force.

The voluntary approach to voting record disclosure has failed and should be replaced with a mandatory system, the Trades Union Congress says.

Almost half of pension schemes intend to spend more time scrutinising the actions of their fund managers on engagement as a result of the economic crisis, a survey reveals.

It is rare for companies to have any good news with regards to the pension schemes they sponsor.

Cineworld has agreed to increase employer contributions to its new defined contribution scheme after negotiations with union Bectu.

Investment consultants are monitoring the transition management teams of BlackRock and BGI - both major players in the UK market - following the announcement of the merger of the two asset management giants.

The House of Lords Select Committee on Economic Affairs has delivered a damning verdict on government's plans to restrict tax relief on pension contributions for people with incomes over £150,000.

The Pensions Regulator has published a statement emphasising the importance of prudent funding levels and stating where sponsors are in trouble, flexibility is available in recovery plans.

Balanced pooled funds achieved a median return of 2.2% in May, latest CAPS pooled pension fund performance results from BNY Mellon Asset Servicing reveal.