UK - Councils have been given just six weeks to come up with a package of reforms to slash £900m ($1.5bn) from taxpayer contributions to the Local Government Pension Scheme.

Annual allowance changes are forcing schemes to offer non-pensionable cash supplements and slower accrual rates to stop employees breaching the £50,000 limit on pension contributions.

Schroders has launched five synthetic gilt funds to hedge against interest and inflation risk as it seeks to push further into the growing liability-driven investment market.

Councils have been given just six weeks to come up with a package of reforms to slash £900m from taxpayer contributions to the Local Government Pension Scheme.

Tail hedging strategies, a form of insurance against stock market plunges, will fail to protect against market risk because the approach is over used, analysts warn.

Trustee engagement on ESG issues in emerging markets could lead to a spike in governance standards over developed economies, a sustainable investment group says.

The Universities Superannuation Scheme has been criticised for awarding its chief executive a £50,000 bonus at the same time it closes its final salary scheme.

The Universities Superannuation Scheme will launch a separate section of its scheme on 1 October to enroll members in its new career average arrangement .

UK/US - Plans to close General Electric aviation's defined benefit scheme could halt production at the world's largest aeroplane engine producer after angry workers threatened strike action.

Plans to close General Electric aviation's defined benefit scheme could halt production at the world's largest aeroplane engine producer after angry workers threatened strike action.