The emerging market (EM) crisis sparked by China's economic slowdown will be much more damaging for developed markets than the 1997 Asian financial crisis, warn investors.

Employers are looking to cut contributions

Legal and General (L&G) has reinsured longevity risk relating to $2.9bn (£1.9bn) of pension liabilities in its bulk annuity business through Prudential Retirement Insurance and Annuity Company.

Reported deficits of FTSE 350 defined benefit (DB) schemes could be set for a 20-fold increase if an EU-wide holistic balance sheet (HBS) is introduced, warns Barnett Waddingham.

Many employers are failing to help workers make retirement decisions, with three in ten not knowing where employees were getting information on the April pension reforms, according to research.

Plans to release public funds on setting up a special purpose vehicle (SPV) for Newham Pension Fund have been called in by the council's overview and scrutiny (OS) committee following concerns.

London Pension Fund Authority (LPFA) chairman Edi Truell is to step down to take up a position advising London Mayor Boris Johnson on pensions.

Universities Superannuation Scheme (USS) has seen its funding deficit increase by £2.4bn in its latest triennial valuation as low gilt yields pushed up its liabilities.

BT Pension Scheme has almost doubled its exposure to private equity through Hermes Gartmore Private Equity (GPE).

Lorraine Bennett has joined the Local Government Association (LGA) as pensions adviser after working for a string of local pension schemes.