Investment

Scottish Widows Investment Partnership, the asset management arm of Lloyds, is shutting down a string of its regional investment desks with the loss of half its 38-strong management team, according to reports.

Fidelity has launched a range of default lifestyle funds that combine active asset allocation with passive investment instruments.

FirstGroup has changed the accrual rates of its career average scheme and will introduce a defined contribution scheme for auto-enrolment.

UBS and Nomura have followed Credit Suisse in pulling out of the longevity swap market, citing capital requirements and regulatory changes, PP understands.

The Pensions Regulator has revealed more details about two trustees it removed last year for investing £2m of scheme assets in an unregulated Belize-based investment vehicle.

The Pensions Ombudsman has rejected a case arguing members of the Armed Forces Pension Scheme were misled into the assumption benefits would always be linked to RPI.

Forcing employers to auto-enrol agency workers will be costly for businesses and deter saving among temporary staff, an MP warns.

Outrage as Treasury plans ‘granny tax II'; Webb goes public with ‘defined aspiration'; Aviva sends wrong details to thousands of customers.

Members of workplace pension schemes run by Friends Life increased by 4% between 2010 and 2011, the insurer said.

Mark Mobius of Templeton Emerging Markets Group explains why strong signs of economic growth and attractive valuations make the Middle East and North Africa a viable investment destination