Investment

The Department for Communities and Local Government (DCLG) has confirmed it is considering a single, national Local Government Pension Scheme (LGPS) fund.

The introduction of auto-enrolment (AE) has led to a significant increase in defined contribution (DC) schemes' allocations to real estate, according to a Pensions Institute (PI) report.

The Greater Manchester Pension Fund (GMPF) has been chosen to host the Ministry of Justice's (MoJ) 35 existing probation trust funds, following a fund merger.

Low interest rates are deterring retirement saving, according to ex-politician Michael Portillo.

The Pensions Regulator (TPR) will consult on a new defined benefit (DB) code of conduct in November.

More than half this week's contributors rejected the notion of the Pension Protection Fund (PPF) taking on the schemes of solvent employers.

Contributors supported by a margin of two to one the idea of ring-fencing money raised through the Royal Mail sell off to fund the pension deficit taken on by the government.

The majority of contributors believe there will continue to be a role for actuaries in the pensions industry, even as defined benefit (DB) provision is phased out.

Funds aiming for buyout are targeting a "false objective" that constrains allocation to illiquid assets, Russell Investments managing director of client strategy and research Sorca Kelly-Scholte says.

The Prince of Wales has called on the pensions industry to ditch its "short-term outlook" or risk condemning the country to a "miserable future".