Investment

Naomi Rainey asks whether infrastructure is right for the LGPS

Bank of England governor Mervyn King has said the UK economy may contract once again in the fourth quarter of 2012 despite moving out of recession in Q3.

Sainsbury's defined benefit scheme deficit has risen to £763m in the 12 months to October, its half yearly report shows.

The "lunacy" of the Euro and its "inevitable" end may improve the funding position of UK schemes, economist Roger Nightingale says.

Industry views on The Pensions Regulator are generally positive with almost two-thirds (64%) of respondents rating its performance as good or very good, according to its latest survey.

Scheme deficits levelled off in October as equity markets remained flat and gilt yields picked up slightly, according to the Pension Protection Fund.

The Environment Agency Pension Fund has called for expressions of interest from asset managers to create a £250m portfolio of funds investing in property, land and infrastructure.

London's local government pension schemes are poorly and inconsistently governed due to "fundamental flaws" that could threaten their sustainability, the Pensions Institute says.

State Street Global Advisors has appointed Nigel Aston as managing director and head of UK defined contribution.

The industry will fail to increase member engagement unless pensions professionals understand the difference between disclosure and communication, says Society of Pension Consultants chairman Roger Mattingly.