Investment

UK/US - The UK and US defined contribution markets are swapping attitudes towards annuitisation, industry figures say.

Tom Selby looks at the potentially costly clarification of equal pay regulations for local authorities

IRELAND - Defined contribution scheme investors should avoid long-term bonds as the trend towards historically low interest rates is likely to reverse over the medium term, Hewitt Associates believes.

Curtis Arledge, former chief investment officer for BlackRock's fundamental index portfolio, will join BNY Mellon Asset Management as vice-chairman and chief executive.

Premier Foods aims to close its defined benefit pension schemes to new members by April, next year in a bid to tackle a £431m combined deficit.

GLOBAL - A growing number of multi-national companies are developing global pension committees and policies in order to gain a better grasp on their fund liabilities, says Mercer global chief retirement strategist Bruce Rigby.

The Pensions Regulator chairman David Norgrove will step down from his role when his second term in post ends on 31 December.

European pension funds are shunning cash in favour of riskier alternative investments, a survey shows.

GLOBAL - Strategic and tactical asset allocation decisions are converging into "a more holistic process" as investors refine their risk management post-crisis, State Street says.

British Airways deal with its scheme trustee over how to plug its £3.7bn deficit has been approved by The Pensions Regulator.