Investment

The Greater Manchester Pension Fund has agreed to invest £25m to build 244 affordable houses across Manchester.

RM intends to more than double deficit contributions to its defined benefit scheme after closing it to future accrual later this year.

Local authority funds have called for an independent platform or ‘clearing house' on which they could access local investment opportunities, a Smith Institute study says.

Moves from institutional investors out of UK gilts and corporate securities and into short-term investments and overseas securities slowed in the second quarter of the year.

Pension hub provider Money on Toast has created a tool that allows workers to learn about auto-enrolment via Facebook.

The Pension Protection Fund has bowed to pressure and increased next year's levy estimate by 15% instead of the 25% hike feared by some analysts.

The average length of deficit recovery plans agreed after the latest round of valuation will be three years longer than in 2011, according to research by PwC.

The Pension Protection Fund has set out its new rules for when and how it will make funding determinations.

Argos employees who are members of Unite have threatened more strike action unless the retailer resolves a dispute over the closure of its defined benefit scheme.

Bank of England governor Mervyn King has called the end of the recession in the UK and pointed to signs of growth returning to the economy.