Investment

The 600 Group has closed its UK defined benefit scheme to future accrual and said it does not expect to make significant contributions to it in foreseeable future.

Financial Reporting Council senior investment adviser Peter Montagnon talks to PP

The Investment Management Association (IMA) is canvassing fund groups on how to counter the "very significant erosion of trust in financial services" amongst consumers, and has proposed introducing a 'statement of principles' for members.

The value of expressions of interest in the new 55-year gilt launched by the Debt Management Office (DMO) reached £12.8bn within the first hour of trading.

The government has confirmed the cap on compensation paid by the Pension Protection Fund (PPF) will be adjusted to give more money to long-serving employees with large pension pots.

The trustees of the Lafarge UK Pension Plan have appointed Towers Watson to act as fiduciary manager of its entire £2.6bn fund.

Housing organisation Curo is to boost its affordable housing building with a £75m funding deal with M&G Investments, as fund manager activity increases in the asset class.

LCP has been appointed as investment advisor to the Wedgwood Group Pension Plan.

The Department for Work and Pensions (DWP) is set to announce changes to the cap on benefits paid out by the Pension Protection Fund (PPF), PP has learned.

The value of defined contribution (DC) lifestyle funds has fallen by 5% on average since May as bond prices dropped, research from Hargreaves Lansdown shows.