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The Financial Reporting Council has published the first Stewardship Code for institutional investors in a bid to improve their level of engagement with companies.

Jeannie Drake has stepped down as deputy chairman designate of NEST Corporation following her appointment as a Labour Peer.

Government proposals to increase the retirement age and index pension payments to the Consumer Price Index could slice 15% from public sector liabilities, London Pensions Fund Authority chief executive Mike Taylor says.

Threadneedle has launched an actively managed commodities fund.

UK/GLOBAL - Schemes must increase their skills in sustainability governance and publicly disclose how their responsible investment strategies are implemented, a UKSIF report urges.

The European Parliament has postponed the adoption of the Alternative Investment Fund Managers directive after failing to reach an agreement between members at a meeting yesterday.

The summer review of NEST could see the introduction of a minimum number of employees needed to trigger auto-enrolment, Hewitt Associates says.

The government has announced it will undertake an independent review of auto-enrolment.

The collective intake of breath has been almost audible as the pain of public sector belt tightening begins to seep through the economy. Some £6.25bn of initial cuts - £500m of which was reinvested - have been swiftly followed by £2bn in project cancellations....

BP directors will face "testing questions" from schemes in the wake of the firm's decision to suspend dividends for the remainder of the year, the National Association of Pension Funds says.