Investment

The Department for Communities and Local Government (DCLG) is expected to launch a call for evidence into a merger of local government pension scheme (LGPS) funds.

The combined defined benefit deficit of FTSE350 firms has risen 50% during the first four months of this year, research from Mercer shows.

Buzz respondents were split equally over the prospect of scrapping compulsory limited price index (LPI) inflation protection for DB schemes.

The Financial Reporting Council (FRC) has launched two investigations into the conduct of KPMG Audit.

Trustees of the Kodak Pension Plan (KKP) have launched a new scheme for its 15,000 members after reaching an unprecedented agreement to keep them out of the Pension Protection Fund.

Companies are less likely to be wound up because of their pension deficit after the Supreme Court upheld a decision to set a high threshold for declaring a business insolvent.

UK pension funds have "undoubtedly" gone too far in cutting their equity allocations in favour of fixed income, ING IM head of strategy Valentijn van Nieuwenhuijzen has said.

Half the firms in the FTSE100 will have transferred risk from their pension scheme to an insurer by 2017, according to analysis from Hymans Robertson.

The London Pensions Fund Authority's (LPFA) funding level is around 95%, according to its 2013 valuation.

The Pensions Regulator has urged trustees to be more flexible when agreeing deficit recovery plans in its annual funding statement.