Investment

Moody's has stripped the UK of its AAA credit rating on fears over rising government debt and years of slow economic growth ahead.

The trend for ‘big four' auditors to focus on management aims of clients rather than shareholder need leads to "significant dissatisfaction" for institutional investors, the Competition Commission says.

Hermes Equity Ownership Services has joined US pension funds in calling for the removal of JP Morgan Chase chief executive Jamie Dimon's dual role as chairman.

Premier Foods will use the consumer prices index to calculate benefits in its RHM Pension Scheme following a 66% spike in overall deficits, its 2012 results show.

Scheme deficits increased significantly in January according to the latest funding survey, compounding mixed messages on the state of defined benefit funds during a month of stock market gains.

Insurer RSA saw its deficit rise substantially despite an increase in its assets and contributions from the sponsor, its results show.

Bank of England governor Mervyn King voted to increase quantitative easing by a further £25bn at February's Monetary Policy Committee meeting, latest minutes reveal.

Intercontinental Hotel Group has agreed to contribute an additional £45m to its UK defined benefit scheme over the next two years.

The European Securities and Markets Authority has raised concerns over the independence, accuracy and reliability of guidance from proxy advisers in the European Union.

Telecoms group Everything Everywhere has seen its defined benefit scheme deficit rise by 48% over 2012 as liabilities increased by £60m, according to its results.