Royal London's independent governance committee (IGC) has downgraded its rating for appropriate investment returns after all default funds caused a fall in pot values.

Helen McEwan has been named chief pensions officer at the Universities Superannuation Scheme (USS), replacing Kevin Smith who retired last year.

Standard Life has increased exposure to risk assets in three out of five funds in its Active Plus and Passive Plus workplace pension ranges.

The cost of equalising guaranteed minimum pensions (GMPs) has been revised down by around £7bn, nearly half that of an initial £15bn estimate.

Three in five trustees have not heard of Clara Pensions, one of two defined benefit (DB) consolidators to have launched since last year's government white paper.

Inflation in the UK rose slightly in February to 1.9% on the back of higher food prices, according to the Office for National Statistics (ONS).

The Howden Group Pension Plan has completed a full pensioner buy-in with Legal & General (L&G), insuring benefits for around 2,000 members.

Interserve's numerous defined benefit (DB) schemes have retained a sponsor link after the company entered into administration and was sold.

Chris Hannon has been named chairman of the Railways Pensions Trustee Company after a unanimous vote of approval from its board last week.

A rarely-used insurance product guarantees the payment of DRCs in the worst-case scenario. James Phillips asks if it is appropriate for DB schemes