Schemes are increasingly delegating investment decisions to a separate committee or fiduciary manager, according to research from Russell Investments.

Trustees of the Jerome Group Pension Fund have begun proceedings to recover almost £3m from the administrators of Glasgow Rangers FC.

Strathclyde Pension Fund has forced a shareholder meeting at Lochard Energy in a bid to oust two of the group's directors.

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The Bank of England has left interest rates unchanged at and signalled its intention to continue with its £325bn programme of quantitative easing.

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Balfour Beatty has slashed its pension deficit from £354m to £188m over the last year through a mixture of employer contributions, de-risking and changing actuarial assumptions.

The Society of Pension Consultants has urged the European Commission to clarify whether all occupational pension schemes are exempt from its ban on gender-based annuity pricing.

Guarantees given in Civil Service Pensions member communications to link benefits to the Retail Prices Index were the result of bad drafting, the government admits.

Steve Webb has called for the pensions industry to encourage people to ‘impulse save' alongside the more rigid auto-enrolment framework, to engage with younger generations.