Dairy Crest will close its defined benefit pension scheme to future accruals with effect from April 1 next year.

The Merchant Navy Officers Pension Fund has insured around £500m of its pension liabilities through a bulk annuity buy-in deal with Lucida.

UK/SWITZERLAND - Swisscanto is set to offer its specialist fixed income and global equity offering to UK pension schemes for the first time following an internal strategic review.

Swisscanto is set to offer specialist fixed income and global equity to UK pension schemes for the first time following an internal strategic review.

US - A class action suit seeking to hold the Detroit General Retirement pension fund (DGR) trustees accountable for their investment decisions has been approved in what is said to be a precedent setting case.

US - New York State comptroller Thomas DiNapoli has prohibited New York State Common Retirement Fund (CRF) from doing business with any investment adviser who made a political contribution to the state comptroller or a candidate for state comptroller....

Buyouts would be a bad deal in over four-fifths of liability de-risking exercises, latest Punter Southall research reveals.

EUROPE - The proposed Alternative Investment Fund Managers Directive is in some respects "misguided" and would reduce investment returns and increase risk, the UK's National Association of Pension Funds (NAPF) has claimed.

NETHERLANDS - Dutch pension fund PNO Media awarded a US$146m global emerging markets equity mandate to Principal Global Investors.

The Conservatives will restore the link between earnings and the level of the basic state pension should they win next year's general elections, David Cameron says.