Surging pension costs weigh on Royal Mail
Royal Mail told investors on Monday that its defined benefit pension scheme would stop taking new contributions effective April next year, amid rising annual costs, which will likely be at least double the inflows next year. (Times)

Top fund houses urge G7 to honour climate change commitments
A coalition of 200 leading investors, including Amundi, the California Public Employees' Retirement System, and Schroders, has urged governments of the G7 group of countries to honour their commitments to tackle climate change, amid fears of the US pulling out of the Paris accord. (FT)