Investment

The number of active members of defined benefit (DB) schemes who have contracted out of the additional state pension fell between 2008 and 2012, says the Office for National Statistics (ONS).

State Street Global Advisors (SSGA) has launched a range of target date funds for defined contribution (DC) investment.

British Polythene Industries (BPI) is to restructure a property-backed funding partnership with its scheme after an intervention from the Financial Reporting Council (FRC).

London Borough of Croydon Pension Fund has reappointed BNY Mellon as custodian.

The Pensions Regulator (TPR) has defended its draft guidance on defined benefit (DB) funding after the Trades Union Congress (TUC) and Confederation of British Industry (CBI) criticised the code.

The National Union of Journalists (NUJ) will appeal the Pensions Ombudsman's (PO) decision that the BBC did not breach its implied duty when putting in place an annual pensionable pay cap of 1%.

Rachel Dalton looks at figures on pension funds’ changing approach to investment risk

Natasha Browne asks whether dividends or capital growth are more important to pension funds

Schemes must recognise that volatility is not a true measure of risk, Ashmore Investment Management head of research Jan Dehn warns.

Natasha Browne looks at how the Schroders Retirement Benefit Scheme used the strategy