Investment

The Pension Protection Fund has announced that the levy estimate will be £630m with fewer schemes having their levies capped.

Schroders has reached an agreement to acquire US investment grade fixed income manager STW Fixed Income Management.

The European Insurance and Occupational Pensions Authority has warned of a "worrying decrease" in the funding provisions within defined benefit schemes in the UK.

Half of FTSE350 firms fail to comply with the UK corporate governance code, but more companies actively seek engagement with investors on governance issues than last year, Grant Thornton says.

The trustee of the £1.8bn Rexam Pension Plan has appointed Towers Watson's Colin Singer as scheme actuary.

Pension Corporation has reinsured a further £400m tranche of longevity risk associated with its policy holders with Munich Re.

Legg Mason has acquired fund of hedge funds manager Fauchier Partners from BNP Paribas Investment Partners.

The exclusion of the new Fair Deal policy from the Public Sector Pensions Bill risks reopening pension disputes with public sector workers, Labour MPs warn.

Nacro, the UK's largest charity dedicated to crime reduction, has given P-Solve a fiduciary mandate for its pension scheme.

Rachel Dalton examines the latest figures on the fiduciary management market