UK - Procurement of investment and actuarial services for local government schemes could be pushed into regional and national frameworks in a bid to harness efficiency savings, the government says.

Procurement of investment and actuarial services for local government schemes could be pushed into regional and national frameworks in a bid to harness efficiency savings, the government says.

Department for Work and Pensions employees are set to ballot for strike action over changes to their pensions recommended in Lord Hutton's commission report.

Interest rate hedges by pension funds fell by 24% over the first quarter of the year, hit by a difficult swap market and stale funding levels, F&C reports.

EUROPE - The European Commission will extend capital requirements for pension schemes across Europe as early as 2016, industry sources say.

Solvency II-style capital requirements for UK pensions schemes will be put in place by the European Commission before the end of the decade, industry sources say.

One in four council workers already opt out of the Local Government Pension Scheme, with the lowest participation rates in the country at just 46%, figures show.

Michael Bow looks at the debate over the costing of the National Employment Savings Trust

UK - The Universities Superannuation Scheme's contested switch to career average is set to go ahead this Autumn following a decisive meeting yesterday approving the changes.

The Universities Superannuation Scheme's contested switch to career average is set to go ahead this Autumn following a decisive meeting yesterday approving the changes.