Investment

AllianceBernstein has designed a capped drawdown product it says will give pensioners "breathing space" before they buy an annuity.

Aviva Investors sent an e-mail by mistake on Friday dismissing its entire staff before retracting the message, according to reports.

The Society of Pension Consultants has backed proposals from the Financial Services Authority to revise assumptions used in transfer value analysis.

Barclays has bowed to pressure from shareholders before its annual general meeting by putting a new clause into boss Bob Diamond's bonus package which could cut his payout in half.

British Midland Airways' pension scheme is poised to entered into Pension Protection Fund assessment after the parent company Lufthansa agreed to sell the struggling airline to International Airlines Group.

Aviva Investors chief executive Alain Dromer is set to leave the company under new plans to streamline the business.

A former member of the Monetary Policy Committee has claimed Bank of England governor Mervyn King was "unprepared" for the credit crisis and "controlled the bank with an iron fist."

The country's largest supermarket chains will become the first employers to auto-enrol their workforces this autumn.

Government plans to enforce GMP equalisation will bring about a fresh wave of defined benefit scheme closures and could imperil the overall health of the economy, the industry warns.

The government National Infrastructure Plan looks like a perfect investment fit for pension funds. Lynn Strongin Dodds examines the opportunities and the risks.