Investment

THE fund management industry is a "long way" from best practice over environmental, social and corporate governance issues, research by RImetrics shows.

MEMBER engagement and communication must be improved to defuse the ticking time bomb of defined contribution pension schemes, delegates heard.

Lonmin becomes first FTSE100 firm to buyout scheme liabilities; Gordon Brown delays pension reform; Aegon to launch variable annuities product; Pensions liabilities rise by £8bn

LONMIN has bought out its pension scheme in a deal with Paternoster.

THE National Association of Pension Funds and the Wheels Common Investment Fund are set to bring a test case against HM Revenue and Customs to recover £300m of VAT.

MORGAN STANLEY has closed an infrastructure offering after raising $4bn (£2.1bn) of equity commitments.

THE Pensions Regulator has published the first of a planned series of good practice guidance for trustees and employers today.

The Pensions Regulator has launched an online scheme maintenance system to improve communication between schemes and the organisation.

AROUND 90pc of defined contribution members opt for ineffective default funds, Watson Wyatt says.

THE Universities Superannuation Scheme has invested in Climate Change Capital as part of a £56m financing round.