John Lewis Partnership's defined benefit (DB) deficit has increased to £1.5bn as the company reveals a 15% profit fall for the second half of the year.

The British Steel Pension Scheme could seek to use a regulated apportionment agreement (RAA) if the government shelves controversial plans to change pensions law to help the scheme.

Deficits could be reduced by hundreds of billions of pounds if schemes were able to move away from the Retail Prices Index (RPI).

Fixed income investors have flocked to emerging market debt to take advantage of higher yields but risks are coming through which could threaten the asset class. Stephanie Baxter reports

Gilbert Van Hassel has been appointed as chief executive officer (CEO) and chairman of the management board of Robeco as of 19 September.

The Citizens Advice pension scheme has selected Punter Southall to provide a range of services.

AXA Investment Management (IM) has appointed Amélie Watelet and Laurence Boone to its management board.

Lothian Pension Fund and Allen & Overy have joined the Pensions Administration Standards Association (PASA), taking its member representation to 11 million.

Hermes Investment Management has hired Robert Wall, who joins from the Canadian Pension Plan Investment Board (CPPIB).

Pension funds are increasingly using requests for proposals (RFPs) and due diligence to select fiduciary management providers, according to Aon Hewitt research.