West Midlands Pension Fund has appointed Lothian Pension Fund head Geik Drever to succeed Brian Bailey as its next director of pensions.

The Treasury is set to re-open its long dated syndicated gilt offering this month, laying out more than £8bn of government loans for direct purchase by pension funds.

The Bank of England is expected to pre-announce its intention to pump a further £75bn into the economy later this month following weak economic growth predictions.

Michael Bow sits down with Labour's pensions spokesman

Labour pensions spokesman Gregg McClymont has warned Steve Webb lacks the "political weight" to drive through pension policy following the delay to auto-enrolment.

Longevity swaps are rapidly outpacing the value of buyout and buy-in deals with risk transfer volumes hitting a new high of £11bn last year, latest figures show.

Defined benefit scheme funding levels have plunged by one-fifth over the past year dragging a further 83 previously fully funded schemes into deficit, data shows.

One of the UK's largest unions, Unite, has pulled out of Local Government Pension Scheme talks, risking a split between unions over proposed reforms.

Unilever workers will stage ten days of strike action this month after the firm pushed ahead with plans close its final salary pensions and replace it with career average.

Legal & General Investment Management has launched its first emerging market sovereign debt funds following surging demand from UK pension schemes.