Engineering giant GKN has warned the proposed £7.4bn takeover by Melrose Industries could increase its pensions deficit.

Raising the state pension age (SPA) alone will not address challenges caused by an ageing population, according to the Centre for the Study of Financial Innovation (CSFI).

Some £5.4bn was put into defined contribution (DC) pension schemes last year - an increase of 21% year on year, according to The Pensions Regulator (TPR).

The National Local Government Pension Scheme (LGPS) Frameworks has launched a new framework to procure transition management and implementation services.

Eileen Haughey will be stepping down as chief executive officer (CEO) of the BT Pension Scheme (BTPS) once its 2017 actuarial valuation has been finalized.

The local authority pool for nine central midlands funds has appointed Duncan Sandford, Mike Hardwick, Omar Ghafur and Michael Marshall as investment directors.

Fund groups have been criticised as newly disclosed transaction costs under MiFID II show the actual cost of ownership of some of the UK's most popular funds is as high as 85% above previously disclosed OCFs.

Lower life expectancy assumptions could knock up to £45bn off pension deficits on an accounting basis, according to Willis Towers Watson.

RPMI has announced its investment director Ciarán Barr will step down in the first half of this year after eight years.

This week's top stories were collapsed Carillion's pension funds facing PPF assessment, and Royal Mail getting closer to agreeing on a collective defined contribution plan.