Investment

Standard Life has increased the number of members of its schemes to 1.16m over Q1, up from 1.09m in the first quarter of 2011.

The UK economy contracted by 0.2% in the first quarter of the year, meaning it has slipped back into technical recession, preliminary estimates from the Office for National Statistics show.

State Street Global Advisors has launched ten leveraged gilt funds aimed at small to medium-size pension schemes.

EU officials were subject to bruising exchanges over the impact of Solvency II on UK pension funds during a work and pensions select committee hearing yesterday.

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.