Investment

Recent developments at Lloyds Banking Group (LBG) demonstrate the "two futures" of DB provision that could be solved with defined ambition (DA) proposals, pensions minister Steve Webb says.

Greencore has set up an asset-backed contribution structure (ABC) to fund a £40m deficit in one of its defined benefit (DB) schemes.

Kcom has spent £895,000 putting in place an asset-backed contribution structure (ABC) that will deliver £1.1m a year to its defined benefit scheme for the next 15 years.

Asset-backed contribution structures (ABCs) are increasingly being used to fund smaller deficits, according to research from Deloitte.

Mercer has launched an app that gives clients access to daily information about the funding status of their schemes.

Tough action on Local Government Pension Scheme (LGPS) costs could save taxpayers £1bn and avoid a "death spiral" for the scheme, the Centre for Policy Studies (CPS) says.

Threadneedle Investments has joined forces with Big Issue Invest, the social investment arm of The Big Issue, to launch an ethical bond fund.

QinetiQ has closed its defined benefit (DB) scheme to future accrual, cutting its deficit by half to £20m.

Aviva Investors is to cut 6% of its workforce around the globe as part of parent company Aviva Group's major cost-cutting plans.

Minutes from the US Federal Reserve's October committee meeting have helped push Japanese stocks higher after the central bank hinted at slowing its asset purchase programme.