Investment

Wandsworth Council has criticised London Pension Fund Authority's proposals to merge the capital's local government pension scheme funds.

Pooling London's local government pension scheme assets under London Pension Fund Authority's investment strategy would erode funds' value by £1bn, Wandsworth Council says.

Investors piling into European high yield debt are ignoring declining yields and weakening outlook, S&P Capital IQ warns.

Investec Asset Management chief executive Hendrik du Toit, managing director of UK distribution David Aird and other senior employees are to acquire a 15% stake in the business for £180m.

F&C asset management has reported outflows of £13.3bn during the course of 2012, as it comes to the end of a significant restructuring under activist investor Edward Bramson.

Supermarket giant Morrisons has seen its two defined benefit schemes swing from surplus into deficit after lower returns on assets, its final results show.

The government has launched a review of pre-pack insolvencies, the controversial practices that can enable companies to dump pension liabilities.

Cardano has pulled its investments out of Standard Life Investment's Global Absolute Return Fund, which is the largest UK-domiciled fund.

Face to Face consulting has acquired the Life Academy to boost its financial education offering.

A dispute over the liability for local government pension scheme contributions has caused the breakdown of a Croydon Council procurement exercise.