Investment

Santander has trimmed its UK defined benefit (DB) pension scheme obligation by £230m by introducing a cap on pensionable pay increases, according to the bank's half-yearly report.

The Pensions Regulator (TPR) has given the trustees and sponsors of the Brunel and Staveley pension schemes an extra three months to respond to a warning notice issued last year.

Growth in bulk annuity sales at Partnership Assurance has helped compensate for a 43% fall in individual annuity sales, according to the firm's half-year results.

The Institutional Investor Committee (IIC) - a group of trade associations that represent institutional investors - is to be disbanded following the merger between the Investment Management Association and the Association of British Insurer's investment...

The Investment Management Association will launch a consultation into industry standards for how asset management firms disclose portfolio turnover rates and costs as early as next month, PP can reveal.

JPMorgan has agreed to sell half of its private equity business to two investment firms.

Legal & General (L&G), the country's biggest pension fund manager, has confirmed the end of its Association of British Insurers (ABI) membership.

The aggregate deficit of the Pension Protection Fund (PPF) 7800 Index increased in July from £109.0bn to £122.7bn, according to figures released by the lifeboat fund.

A sharp decrease in mortality rates in the first half of the year has highlighted the dangers of assuming that longevity improvements will plateau, says Hymans Robertson.

FTSE350 firms' contributions to their defined benefit (DB) pension deficits are at the lowest level in five years, according to research by Barnett Waddingham.