Investment

Governor of the Bank of England, Sir Mervyn King, will signal on Wednesday that interest rates will remain around their record low until the end of next year at the earliest.

The Pensions Regulator has been urged to report on the workplace defined contribution market in greater detail, after Office for National Statistics figures revealed the size of the market for the first time.

The Bank of England's monetary policy committee has resisted calls for further quantitative easing and has left its programme of stimulus unchanged, while holding rates.

Royal London Asset Management saw a £495m business outflow last quarter as two large investors ditched their investment strategy with the firm, it announced today.

The pensions industry has used the Cabinet Office's ‘red tape challenge' to increase pressure on the government to abandon plans on Guaranteed Minimum Pension equalisation.

Fidelity could implement ‘save more tomorrow' for its clients after auto-enrolment.

Conventional gilt holdings for local government pension schemes increased by £441m last year as rising prices and increased allocations boosted the value held by the LGPS, figures show.

Strathclyde Pension Fund is shifting its global equity holdings further out of active management and boosting its private equity allocations.

M&G has seen net outflows of £631m from its institutional business in the first quarter of the year but large inflows on the retail side helped it grow total funds under management to more than £200bn.

The trustee of the Nortel Networks UK Pension Plan is petitioning the US Supreme Court to gain access to the company's bankrupt US affiliates' cash.