Investment

The value of the market for liability driven investment (LDI) has risen 11% over 2012 led by the growth in inflation hedging, a KPMG report finds.

Six out of 10 respondents said employers were generally failing to make sufficient provisions for ill-health retirement when closing DB schemes.

Trustees should work with employers to agree funding solutions that balance member interests with business growth according to The Pension Regulator chairman Michael O'Higgins.

Infrastructure allocation is up but pension funds are behind the trend. Rachel Dalton analyses

HM Revenue and Customs (HMRC) has confirmed the legal and tax frameworks for tax transparent funds (TTFs) will be implemented this summer, after suffering delays.

Pensions minister Steve Webb has said he envisages automatic transfers being used in defined benefit (DB) schemes to counter the issue of deferred members.

Boris Johnson has announced plans for a local housing project backed by the London Pension Fund Authority (LPFA).

The European Securities and Markets Authority (ESMA) has published guidelines on remuneration for companies and regulators in the investment sector.

The Communication Workers Union (CWU) has threatened a national strike after it "firmly rejected" the proposals from the Royal Mail to make changes to its pension plan.

Companies with defined benefit (DB) schemes restating 2012 accounting figures to reflect IAS19R will show a reduction in pre-tax profits by around £5bn, Towers Watson warns.