Investment

The average FRS17 funding level of university schemes has fallen from 81% to 77% in the year to 31 July 2012, Barnett Waddingham research says.

Liability assumptions have wiped out higher than expected asset returns and a de-risking exercise for the Johnston Press Pension Plan, its final year accounts show.

Royal London has agreed to buy the Co-operative Banking Group's life insurance and asset management businesses in a deal worth up to £219m.

Hannah Brenton looks at the pros and cons

Naomi Rainey looks at the arguments for and against merging local government pension scheme funds

Jonathan Stapleton looks at the implications for asset allocation

International rules designed to bring transparency to the opaque derivatives market could backfire by imposing heavy costs on pension funds and force them to abandon hedging strategies, the industry's trade body warns.

The Chancellor's plans to bring forward the implementation of the single tier state pension from 2017 to 2016 will accelerate the decline of defined benefit schemes, experts warn.

Wandsworth Council has criticised London Pension Fund Authority's proposals to merge the capital's local government pension scheme funds.

Pooling London's local government pension scheme assets under London Pension Fund Authority's investment strategy would erode funds' value by £1bn, Wandsworth Council says.