Investment

The burden on companies of plugging defined benefit (DB) pension scheme deficits may be hurting business investment, according to the Bank of England (BoE).

Jack Jones looks at a report that finds a growing number of schemes are reacting to worsening deficits by extending recovery plans

The defined benefit (DB) pension scheme deficit of FTSE 350 retailers has grown 30% in the past year, according to the latest figures.

Guy Coughlan has been appointed chief financial risk officer at the Universities Superannuation Scheme (USS).

The Lothian Pension Fund has announced its deficit almost tripled to £417m over the last three years as the scheme continues to bring more asset management in house.

Drawdown products must be designed around member engagement as investment solutions "cannot be a panacea", according to RBS head of group pensions Carol Young.

Rising profits and executive pay at a time of stagnant wages have eroded trust in business but schemes rely on profitable companies

Actuarial firms have become more competitive in the UK but the scope of services and charges varies. Michael Klimes investigates

EU Commissioner Lord Jonathan Hill has given reassurance that he will have the last say over controversial EU proposals on scheme funding.

Top stories this week include trustees banned over an £11m scam, criticism of compliance-focused actuaries and plans to let people cash in annuities. Here's what you might have missed.