Investment

Fund management and administration charges levelled on the Local Government Pension Scheme surged to a record high of £437m last year despite just a £124m increase in investment income, government statistics show.

EU plans to harmonise the Institutions for Occupational Retirement Provision directive with Solvency II capital requirements could dent the government's infrastructure ambitions, a Treasury minister says.

The Pensions Regulator will aim to prosecute companies that wilfully evade their auto-enrolment duties.

The Bank of England's Monetary Policy Committee voted five to four to maintain quantitative easing at £325bn this month, overruling the governor and three colleagues who called for further expansion.

More than half of insurers are preparing to change the way they calculate regulatory capital as Solvency II approaches, Deloitte says.

The drop in inflation announced yesterday has paved the way for the Bank of England to begin another round of quantitative easing as early as next month.

The Financial Services Authority has reduced the deficit in its defined benefit pension scheme by £7.4m in the past year.

Daily Mail and General Trust investment head Mike Weston talks to Michael Bow about the illiquidity risk premium, risk triggers and infrastructure investing

The UK's inflation rate posted another surprise drop in May, falling to 2.8%, as the lack of activity in the UK continues to bring prices down sharply.

The current crisis in Spain will result in Spanish bank bondholders taking severe haircuts, after a similar scenario in Ireland last year, Henderson Global Investors says.