Investment

Tata Steel has agreed the "key commercial terms" of a regulated apportionment arrangement with the British Steel Pension Scheme (BSPS) in a deal that could be worth in excess of £550m.

The funding gap of the Local Government Pension Scheme (LGPS) has improved by £9.2bn since 2013 but last year's difficult market conditions reduced returns to just 0.1%.

The Pensions Regulator (TPR) has warned sponsors against prioritising dividend payments over contributions where there is a significant scheme deficit.

Last year posed huge challenges for active investment as markets were driven by politics rather than economics. Stephanie Baxter looks at research showing a large fall in managers beating the benchmark

Global active equity management fees for the largest investors have managed to withstand growing pricing pressures in the last few years, according to research by bfinance.

The National Employment Savings Trust (NEST) has picked JP Morgan Asset Management to run its first high yield bond mandate after an open tender.

Schemes should stop debating whether to use the Retail Prices Index (RPI) or the Consumer Prices Index (CPI) and move to an entirely new measure, the Royal Statistical Society (RSS) has said.

BMO Global Asset Management has begun excluding companies with fossil fuel reserves from some of its responsible funds, with an aim to completely divest across the range by 2020.

Saker Nusseibeh questions the rationality of market exuberance when there is still massive uncertainty over the future economic and political landscape

In the first of PP's Pensions Influencers interview series, Jonathan Stapleton speaks to Cliff Speed, chief investment officer of TPT Retirement Solutions