FTSE 100

The total cost of pension liabilities at the UK's 100 largest public companies increased from £586bn to £681bn last year, according to research.

The Investment Association is to run a register for the government, naming and shaming those firms which have been subject to shareholder revolts over executive pay.

Fell almost 0.5% on Tuesday

Helena Morrissey, head of personal investing at LGIM, has been appointed a dame in the Queen's Birthday Honours list for improving diversity in financial services.

Taylor Wimpey has appointed Hymans Robertson as third-party administrator of its pension scheme after an open tender.

Master trusts are increasingly becoming the defined contribution (DC) vehicle of choice for FTSE 350 companies as they ditch trust-based schemes.

The Pension Insurance Corporation (PIC) and GKN Group have approved a £190m buyout in one of the first de-risking deals of 2017.

The FTSE 100 has broken through its previous peak to set a new record high as it nears the 7,000 mark.

The FTSE 100 is within sight of its all-time high after closing at its highest level for 15 years on Tuesday.

Updated 10.52am: The FTSE is falling in mid-morning trade after Chancellor George Osborne unveiled details of the coalition government's £6.2bn spending cuts.