Investment

Rupert Brindley believes good times are just around the corner for struggling defined benefit schemes

Trustees hold more power cards than before

A large majority of the pensions industry believes the Financial Conduct Authority (FCA) is right to investigate asset managers and investment consultants.

The government has published criteria and guidance for pooling the Local Government Pension Scheme (LGPS) into six "British wealth funds" worth at least £25bn each.

A new set of guidelines has been issued to force private equity firms to improve reporting and fee transparency following concerns from investors in recent months.

Lancashire County Pension Fund has made a £25m investment into a healthcare property fund as part of its long-term plans to raise exposure to real assets.

Nottinghamshire County Council Pension Fund has appointed investment advisory firm City Noble following a competitive tender.

The UK Power Networks Pension Scheme has appointed SEI to act as fiduciary manager for its defined benefit (DB) section and investment adviser on its defined contribution arrangements.

Plans to measure LGPS funding levels consistently from 2016 will give a more realistic picture of the scheme's health status with many funds expected to come out worse, writes Stephanie Baxter

Talks are continuing between staff and management at the Financial Times after journalists voted overwhelmingly to strike over proposed pension changes.