The National Association of Pension Funds has elected two members to its 19-strong investment council.

Resolution has finalised its deal to buy Axa's UK life businesses as part of its ongoing acquisition programme, which is likely to continue until the middle of next year.

UK - The aggregate funding position of the 6,653 schemes in the Pension Protection Fund's 7800 index worsened to a deficit of £53.5bn ($82.6bn) at the end of August.

The aggregate funding position of the 6,653 schemes in the Pension Protection Fund's 7800 index worsened to a deficit of £53.5bn at the end of August.

Trade unions have served the BBC with strike dates that coincide with the Conservative Party conference and the government spending review, after shunning a new pensions offer from the broadcast giant.

UK - The BBC has proposed a new career average arrangement as part of its pensions reform but is sticking with the controversial 1% annual cap for the existing final salary scheme.

The BBC has proposed a new career average arrangement as part of its pensions reform but is sticking with the controversial 1% annual cap for the existing final salary scheme.

UK industry gives a mixed response to pension plan; Unique design for a pension trust; EU ignores pension statistics protest; Unions warn of flashpoint over pensions reform as TUC gathers; Pension campaign to target oil groups

A group of UK financial trade associations has published guidance to help pension fund trustees better understand the securities lending market.

GLOBAL - A group of former Citi employees has launched a firm to help pension funds access alpha-generating investments.