Investment

The aggregate deficit of the UK's defined benefit (DB) schemes rose to £450bn over the course of November, PwC's Skyval index has recorded.

A lecturer starting work today could be £208,000 worse off over the course of their retirement if Universities Superannuation Scheme (USS) proposals take effect.

Defined benefit (DB) schemes will either have to be bought out by an insurer or enter the Pension Protection Fund (PPF), Paul Masterton MP has predicted.

Closing the Universities Superannuation Scheme (USS) to future accrual would have "serious consequences" and alternative approaches should be explored, the University of Warwick's vice-chancellor has said.

Artemis IM, Hargreave Hale, Newton IM, River & Mercantile AM

A typical defined benefit (DB) pension fund could cut costs by around a third per year by centralising and standardising their investment, administration and trading functions, according to the Asset Management Exchange (AMX).

Actuaries and investment consultants that fail to take account of climate risk in their work and advice face increasing risks of legal liability and regulatory action, according to ClientEarth.

Michael Klimes asks if the proposal to close USS to future accrual is realistic

Transport operator FirstGroup has consolidated its pension scheme assets within the Local Government Pension Scheme (LGPS) in what is believed to be the first move of its kind.

The industry seems to be moving inexorably towards consolidation but Mark Hodgson believes smaller schemes can have significant advantages