Pension schemes transferred more than £4bn of liabilities in Q1 making it the highest ever quarter for risk transfer, Hymans Robertson says.

UK - Pension schemes transferred more than £4bn (US$6bn) of liabilities in Q1 making it the highest ever quarter for risk transfer, Hymans Robertson said.

Freshfield Bruckhaus Deringer is closing its final salary scheme to future accrual.

The funding position for private sector defined benefit schemes is £95bn worse off than this time last year, according to Pension Capital Strategies.

Using prudent assumptions to assess longevity swaps on an accounting basis could mean schemes are paying "over the odds" for certainty, Club Vita says.

There is an emerging case for pension schemes not having lay trustees at all, trustee champion Brian Holden says.

Proposals to amend accountancy standard IAS19 could cut the earnings of UK firms by as much as £10bn, accountants and actuaries warn.

GLOBAL - The International Accounting Standards Board has published an exposure draft of proposed amendments to IAS19, dealing with how pension costs are recorded in company accounts.

The International Accounting Standards Board has published an exposure draft of proposed amendments to IAS19, dealing with how pension costs are recorded in company accounts.

A consultant has branded the minimum 8% auto-enrolment contribution as "rubbish" and urged The Pensions Regulator to publicly say it was not enough.