Defined Benefit

Trustees hold more power cards than before

A large majority of the pensions industry believes the Financial Conduct Authority (FCA) is right to investigate asset managers and investment consultants.

The government has published criteria and guidance for pooling the Local Government Pension Scheme (LGPS) into six "British wealth funds" worth at least £25bn each.

Nottinghamshire County Council Pension Fund has appointed investment advisory firm City Noble following a competitive tender.

The UK Power Networks Pension Scheme has appointed SEI to act as fiduciary manager for its defined benefit (DB) section and investment adviser on its defined contribution arrangements.

Plans to measure LGPS funding levels consistently from 2016 will give a more realistic picture of the scheme's health status with many funds expected to come out worse, writes Stephanie Baxter

Talks are continuing between staff and management at the Financial Times after journalists voted overwhelmingly to strike over proposed pension changes.

Trustees of the Brunel pension fund have agreed a recovery plan with the scheme's sponsor, which is being investigated by The Pensions Regulator (TPR) over concerns about a corporate restructuring.

The Smiths Group has cut contributions to the Smiths Industries Pension Scheme (SIPS) by 60% after a dramatic improvement in funding levels allowed trustees to de-risk its investments.

Hybrid schemes lead to much better governance and investment outcomes than pure defined contribution (DC) or defined benefit (DB), according to a report by the 300 Club.