Investment

Four Capital Partners is set to launch a global equity product aimed at institutional investors looking for lower volatility.

Former Prime Minister Tony Blair said the UK must keep open the option of joining the euro if the current crisis is resolved.

Billionaire investor George Soros has called on Europe to start a fund to buy Italian and Spanish bonds, or risk the demise of the euro.

The Bank of England should pump £50bn more into the "stalled" economy to kick-start the recovery, economist David Miles says.

The end of contracting out for defined contribution will save schemes £5.3m a year in administration costs, the government claims.

The Treasury has proposed to give the Scottish government the power to issue its own bonds.

Royal Bank of Scotland, Barclays and HSBC were among the list of the world's biggest banks to be downgraded by Credit rating agency Moody's last night.

The Federal Reserve announced plans to extend Operation Twist by $267bn (£170bn) as it cut its 2012 growth forecast for the US economy from 2.9% to 2.4%.

UK schemes have been urged to engage with an EIOPA impact assessment in order to make sure figures used to draw up a new pensions directive are not understated.

Philip Jelley and Roberto Pagliarulo look at how one employer managed to obtain a scheme rectification order on an expedited basis.