UK institutional pension funds' equity allocation has plummeted by a fifth in the past decade - but remains the highest in the world, according to a global study.

Government plans to increase employee contributions for state workers will lead to the collapse of public sector pension schemes, union bosses warn.

UK - The National Employment Savings Trust has appointed State Street Global Advisors, UBS Global Asset Management and BlackRock to run five mandates for its default fund.

The National Employment Savings Trust has appointed State Street Global Advisors, UBS Global Asset Management and BlackRock to run five mandates for its default fund.

UK - The BT Pension Scheme shortfall shrank £1.5bn ($2.4bn) in Q4 last year, helped by a £1bn increase in asset values and a £525m deficit payment, according to its quarterly report.

The BT Pension Scheme shortfall shrank £1.5bn in Q4 last year, helped by a £1bn increase in asset values and a £525m deficit payment, according to its quarterly report.

Local government pension schemes are using flawed discount rates in their latest triennial valuations to "grossly understate" their liabilities, an independent consultant says.

Government is set to overhaul section 75 debt regulations this autumn by introducing ‘group guarantees' as an alternative to the payment of employer debt, PP has learned.

Lord Hutton's recommendations for increasing employee contributions to help fund public sector pension schemes have been shelved from this year's Budget, the Treasury confirms.

The threat to pension funds posed by soaring inflation and interest rate rises can be cushioned using absolute return strategies, Aviva Investors says.