Investment

Communicating to member groups of more than 50,000 at a time could save defined contribution schemes as much as £48 per member, delegates heard

Participating in US group class action is "ethically wrong", a trustee chairman told delegates.

UK pension funds will recoup £1.4bn in US class action lawsuits following losses suffered at the peak of the financial crisis, a report reveals.

Lord Hutton will pitch collective defined contribution schemes to the department for work and pensions but would not be drawn on whether the model could translate to the private market.

The Pensions Regulator needs to focus its attention more on smaller schemes, delegates heard.

Increasing member awareness should go hand in hand with increasing scheme take up said one pension manager.

It is possible to run career average 1 / 120th schemes at a similar cost to what is on offer from NEST, delegates heard.

UK schemes should seriously consider outsourcing scheme governance structures and investment policies in a similar vein to the Dutch model, delegates heard.

Regulator guidance on enhanced transfer value exercises could force trustees and sponsoring employers to collude on offer terms to meet compliance standards, Mercer say.

US - The New York City Employees' Retirement System (NYCERS) has reached a settlement of its securities class action against Apple over claims of improper stock options backdating practices.