Investment

The Office for National Statistics is to launch an additional measure of consumer prices inflation which includes housing costs.

BT has seen its pension deficit rise by 63% in just six months as a result of a reduction in the discount rate used for its IAS19 valuation.

The deficit across private sector pension schemes has climbed by £20bn since October 2011, JLT Pension Capital Strategies research reveals.

JLT Benefit Solutions is to take over the running of Aegon's £710m portfolio of defined benefit schemes as the firm continues its rapid expansion.

Local Government Pension Scheme investment restrictions could be scrapped as part of the government's drive to boost scheme investment in infrastructure, PP has learned.

Defined benefit members are being left £2-3bn out of pocket every year as trustees and advisers fail to update the terms offered on tax-free lump sums at retirement.

The Government has issued a call for evidence after the Public Service Pensions Bill passed its second reading in parliament this week.

Employers will have more flexibility to leave the National Employment Savings Trust, under Department for Work and Pensions proposals.

Changes to HM Revenue and Customs guidance for those with fixed protection who are erroneously auto-enrolled have been welcomed.

Local authority pension funds should pool together and invest in housing and associated infrastructure, a report has said.