Measuring value for money is difficult because it is completely subjective but there is a way forward, finds Stephanie Baxter

Pensions must be made simpler to appeal to ordinary savers, according to Lesley Williams, incoming chair of the Pensions and Lifetime Savings Association (PLSA).

Schemes need to customise communications to members more to avoid sending out the wrong messages, according to HSBC pension scheme chief investment officer Mark Thompson.

Schemes need better benchmarking to be able to assess value for money, according to panellists at the National Association of Pension Funds conference.

Pension schemes should brace themselves for lower returns and continuing volatility, according to JPMorgan Asset Management chief market strategist for UK and Europe Stephanie Flanders.

The International Monetary Fund (IMF) has revised down its forecast for global growth to 3.1% as economies feel the effect of low commodity prices and China's economic slowdown.

Strathclyde Pension Fund has made its biggest ever investment in UK green infrastructure by putting £50m into offshore wind farms via the government-backed Green Investment Bank (GIB).

The success of auto-enrolment (AE) could be undermined by rising opt-out rates when minimum contributions increase in 2017 and 2018, the Association of Consulting Actuaries (ACA) has warned.

Michael O'Higgins has been appointed chairman of the £10bn asset and liability management (ALM) partnership between Lancashire County Pension Fund (LCPF) and London Pensions Fund Authority (LPFA).

The chancellor's shock announcement that local government pensions will be pooled into regional funds to boost UK infrastructure means yet more upheaval for the scheme, finds Stephanie Baxter