Investment

The Pensions Trust has appointed AllianceBernstein to manage the default investment strategy on its auto-enrolment platform.

UK Coal shareholders are voting on the final stages of a plan to split the firm in two which would see its underfunded schemes take a controlling stake in one of the new companies.

Public sector pensions need further reform before 2020 to avoid an annual £32bn liability for UK taxpayers, Centre for Policy Studies research fellow Michael Johnson says.

The majority of financial directors and senior leaders say scheme deficits are hampering their business investments, research shows.

Booker Tate has agreed a buyout of its £20m UK defined benefit scheme with Pension Corporation.

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.