Investment

Taylor Wimpey has been given approval to merge its two principle defined benefit (DB) schemes and has set up a £100m partnership to plug their deficits.

F&C Asset Management has reported pre-tax profits of £37.3m for the half year ending 30 June 2013 after implementing cost-cutting measures.

Revisions to the accounting standard used for employee benefits have reduced BP's profits by more than $1.27bn (£830m) over the last 18 months, its interim results reveal.

The Local Government Association (LGA) Conservative and Labour groups have backed retention of councillor access to the Local Government Pension Scheme (LGPS).

Deleveraging by banks and governments around the world has created an "unprecedented" investment opportunity for UK schemes, according to research from UBS Global Asset Management.

Aberdeen Asset Management is hit by last month's market sell-off as assets under management (AUM) fall by 1% from March to June.

The Archbishop of Canterbury has fuelled the debate on ethical investment by pension schemes after it was revealed the Church of England scheme invests indirectly in a payday lender.

BMW Group UK is consulting about closing its final salary defined benefit (DB) scheme to new members, amid rows with unions.

Royal London Group has received regulatory approval for its acquisition of Co-operative Banking Group's asset management and life insurance businesses.

Around two thirds of participants believed, based on their own experience, that schemes are managing their cash flow well.