An equity market review has been launched to assess whether asset managers and pension fund trustees are delivering good value for money to scheme beneficiaries.

Accrual rates for Lord Hutton's new public sector schemes could reach 1/80th, with a ‘cost-ceiling' formula across all schemes set to dictate the rate used for specific funds.

Further quantiative easing by the Bank of England will only occur if the UK enters a double dip recession, Morgan Stanley says.

Michael Bow's thoughts on public sector reform

Greater Manchester Pension Fund is set to invest up to £500m in local investment opportunities to help boost the local economy and regenerate town centres in the North West.

Trade unions this morning declared war on government pension policy after three of the country's biggest unions confirmed 1.65 million workers would move to strike in November over public sector pensions.

The Universities Superannuation Scheme has doubled its Private Markets investment team with four hires to help boost its direct infrastructure investment capabilities.

Industry figures have stepped up calls for the government to go beyond the auto-enrolment of workers and ease ISA taxation laws to solve the nation's savings shortfall.

The UK gilt market has already priced in interest rates being held at 0.5% for an extended period, analysts at Deutsche Bank say.

A 12-week government consultation to save £900m from the LGPS will launch at the end of September even though plans on how to achieve the savings are still to be agreed.