Pensions minister Steve Webb has ruled out calls to include membership of the UK Stewardship Code as a legal requirement for qualifying auto-enrolment schemes.

The Pension Protection Fund is set to add specialist farmland and timberland fund managers to its investment manager panel to assist its alternative investment programme.

Punter Southall has taken full ownership of fund manager PSigma Asset Management, upping its stake from 50% to 100%.

The Universities Superannuation Scheme is nearly £3bn in deficit after its latest triennial valuation revealed the fund had plunged from a surplus of £707m since 2008.

The Pensions Regulator is set to move away from its trigger-based assessment of recovery plans to a more "dynamic" approach factoring in investment risk, it has indicated.

Local Government Pension Scheme leaders and pension academics have called for a merger of 101 town hall pension funds into five standalone schemes to improve efficiency.

The Pension Protection Fund and The Pensions Regulator has published the sixth edition of the Purple Book, setting out risks posed to pension schemes.

Public sector pension reforms will have "little or no long-term saving for taxpayers" because improved accrual rates cancel out retirement age hikes, an independent study says.

Government has appointed Alan Pickering as independent chairman of the reformed public sector Royal Mail Statutory Pension Scheme.

The Pension Protection Fund is set to move into absolute return strategies, asset backed securities and emerging market debt with the appointment of a specialist bond manager panel.