Investment

The Pension Protection Fund has seen its funding level improve by 1.2 percentage points, after enjoying above target returns in a year when it took on pension schemes of big corporates like Carillion.

The government has backed down from its calls for mutual regulatory recognition post Brexit and will now push for a deal that will see UK and EU financial services firms' access to each other's markets scaled back when the country leaves the bloc.

Any surplus generated by The Pension Superfund will be shared between members and the defined benefit (DB) consolidator's capital providers, Alan Rubenstein has said.

A panel of LGPS pools spoke at Pensions and Benefits UK about their experiences and the lessons they are learning along the way. Stephanie Baxter reports from the conference

The combined deficit of the UK's 5,588 private sector defined benefit (DB) schemes was £85.6bn at the end of June, according to the Pension Protection Fund (PPF).

Stephen Richards says the 'paymasters' principle is likely to be scrutinised closely in light of British Airways' landmark win in the Court of Appeal.

More of the smallest defined benefit (DB) schemes are hedging inflation and interest rate risk using liability-driven investment (LDI) strategies thanks to more accessible and affordable solutions, XPS Pensions Group says.

The pensions industry has, Francis Fernandes says, an 'unhealthy obsession with modelling' and should spend more time on contingency planning.

Alan Taylor looks at the importance of looking at alternative risk measures when developing investment and funding strategies for DB schemes

A Financial Conduct Authority (FCA) working group has recommended five institutional cost disclosure templates, although it says these should not be made mandatory.