By Jessica Frank-Keyes Plans to cap ground rents on leasehold properties are set to be walked back after lobbying from pension funds and investors, according to reports. Housing secretary Michael Gove has been forced to abandon his plans to bring in a cap and reduce annual payments to ‘peppercorn’ rates or almost nothing, the Financial Times reported. It came after the story first emerged in The Sunday Times that pension fund managers had urged No10 not to go ahead with the proposals, warning that up to £40bn could be at risk. Now the Financial Times has confirmed the scheme, a Conservative 20…