Investment

UK - The BBC has proposed a new career average arrangement as part of its pensions reform but is sticking with the controversial 1% annual cap for the existing final salary scheme.

A group of institutional investors with some $558bn (£362bn) in assets under management is urging global stock exchanges to require listed companies to report how environmental, social and governance factors impact their businesses.

FairPensions has called on UK scheme members to question the oil industry's "increasingly risky business model" in the wake of the BP Deepwater Horizon disaster.

David Norgrove's replacement at The Pensions Regulator will be paid £53,000 less than the outgoing chairman.

GLOBAL - The FTSE Group has axed eight companies from its FTSE4Good Global Index Series, including petroleum giants BP.

The trustees of the £20bn Royal Mail Pension Plan have tabled a 38-year deficit reduction plan to The Pensions Regulator, the Hooper report reveals.

GLOBAL - A group of former Citi employees has launched a firm to help pension funds access alpha-generating investments.

Treasury proposals to remove the requirement to annuities by age 75 will only benefit "those who need them the least", the industry warns.

Dominic Fryer, manager of corporate strategy and risk at Friends Provident, explains why advisers should be encouraging the use of workplace savings platforms

Sir Bob Geldof is attempting to raise £650m from institutional investors for an African private equity offering, according to reports.