Investment

Amec has closed its career average revalued earnings schemes to new members and offered cash lump sum settlements despite its principal scheme being in surplus, its full-year results show.

A blueprint for constructing mortality models tailored to specific scheme memberships has been developed by academics at Cass Business School's Pensions Institute.

Rolls Royce has seen its UK schemes' funding position fall by 28% due to a decrease in the value of assets, its 2012 results show.

Aberdeen has hit the acquisition trail with two new deals, agreeing to buy US asset manager Artio Global Investors and taking a majority stake in private equity fund of funds business SVG.

Weak covenants and longevity risk are by far biggest unhedged risk in defined benefit schemes, PP research finds.

Pensions professionals believe some defined benefit schemes can keep going indefinitely.

The Universities Superannuation Scheme's in-house investment manager, USSIM, has strengthened its private equity team with the appointment of Robin Filmer-Wilson.

Mirabaud Asset Management has launched a global high yield bond fund.

Institutional investors continue to diversify portfolios, tripling the number of global infrastructure mandates awarded over 2012, according to figures from Towers Watson.

The House of Lords has passed two amendments to the Public Service Pensions Bill which will secure equal representation for members and employers on scheme boards.