Investment

Trustees of defined benefit schemes saw an average return of 13% on investments last year due to strong equity performance, according to research.

Trustees of the AT Kearney Pension & Life Assurance Scheme have appointed Gatemore Capital Management to act as its dedicated chief investment officer.

Mn Services has won a £450m fiduciary management mandate from the Delphi defined benefit pension schemes in the UK.

Smaller firms' defined contribution scheme contributions are failing to keep pace with the increasing cost of pensions, Association of Consulting Actuaries research shows.

Thousands of scheme members with small personal pension pots are being "trapped" by poor annuity rates or lack of access to the market, Malcolm McLean says.

The DWP will look into improving annuity rates for people with pension pots of under £5,000, pensions minister Steve Webb says.

UK - Public sector final salary schemes should be scrapped and replaced with a career average alternative, the National Association of Pensions Funds says.

In 2011 the danger is the Euro system will put too much pressure on too many weaker countries and economies.

The Pension Protection Fund has recruited four new managers alongside its existing manager to develop its globally diversified real estate strategy.

UK - Gartmore has confirmed it has received a takeover bid from Henderson Global Investors.