Defined Benefit

A second round of statutory consultation has been launched on changes to the local government pension scheme.

An increase in liabilities across UK defined benefit schemes in March wiped out improvements in funding levels reported over the last quarter, according to research from JLT Pension Capital Strategies.

Staffordshire Pension Fund and Royal Borough of Greenwich Pension Fund have become the latest schemes to join the Local Authority Pension Fund Forum.

Axa is reviewing the viability of maintaining its defined benefit scheme due to an increasing deficit and the additional costs associated with the end of contracting out.

Jack Jones looks at the response the European Commission’s green paper on financing growth

Taha Lokhandwala analyses the DA options that are most attractive to the industry

Welsh authorities have consulted on merging local government pension scheme funds into a common investment structure.

The annual cost of unfunded public sector schemes has increased since the introduction of the Hutton reforms according to figures from the Office for Budget Responsibility.

Sponsors must demonstrate a distinction between promoting growth and simply saving money in scheme deficit repair negotiations, The Pensions Regulator chief executive Bill Galvin says.

The Universities Superannuation Scheme's subsidiary USS Axle Pty has acquired Brisbane Airtrain for A$100m (£75.9m).