The £4.3bn Lancashire County Council pension fund has become the fourth local government pension scheme this year to hand Northern Trust a custody mandate.

A maritime union has called on the government to broaden auto-enrolment legislation to include seafarers and offshore workers who are excluded from the law because they are not "ordinarily resident" in the UK.

UK - European default on sovereign debt could cause a 45% spike in defined benefit pension scheme deficits, costing sponsors an extra £190bn ($310bn), pension risk experts warn.

Defined benefit assets managed under a liability-driven mandate surged last year, as traditional mandates plateau with pension investors, a key study shows.

European default on sovereign debt could cause a 45% spike in defined benefit pension scheme deficits, costing sponsors an extra £190bn, pension risk experts warn.

UK - Northamptonshire Pension Scheme has increased its bond allocation mandate to US-based Wellington Management to 15% after a key resignation from its second bond manager UBS.

Union members at Severn Trent Water have staged a demonstration at the company's Annual General Meeting over plans to close its £1.2bn defined benefit scheme.

Local government pension schemes will be free to reform the fund and deliver savings to government without imposing a 3.2 percentage point increase on employees' contributions, PP understands.

The government will slow the pace of the 3.2 percentage point increase in employee contribution by phasing it in gradually over three years, Danny Alexander confirms.

Whatever one may think of the National Employment Savings Trust, it is part of the necessary Leviathan to prevent us and other future generations of defined contribution pensioners falling into abject poverty.