UK defined benefit liabilities have stabilised for the fourth month in a row, according to a Xafinity Corporate Solutions model.

Pension Corporation has received £400m of new capital from Luxembourg investor Reinet Fund - taking the value of the insurance business close to £1bn.

Pension schemes with exposure to LIBOR-related swaps could have lost out as a result of manipulation of the lending rate.

The High Court has ruled trustees in the Federated Flexiplan case have the discretion to award or withhold any surplus arising in the scheme from members.

Derbyshire County Council Pension Fund has reduced the number of Additional Voluntary Contribution providers it uses from three to one to boost take-up rates.

BT Pension Scheme Management chief executive Nigel Labram has left the company after eight years, following a strategic review at the £37bn scheme.

Fund management and administration charges levelled on the Local Government Pension Scheme surged to a record high of £437m last year despite just a £124m increase in investment income, government statistics show.

Trustees must go beyond monthly investment sub-committee meetings and put more decision-making structures in place to improve governance standards, delegates at the Professional Pensions investment conference heard.

The body responsible for funding UK universities has abdicated its role on the Universities Superannuation Scheme trustee board after nearly 40 years.

Strathclyde Pension Fund has sold its 35% minority interest stake in the Junction Thurrock Unit Trust to Capital & Regional's Junction Fund.