Investment

More than one in ten large UK schemes has suffered fraud over the past two years, with member transactions the most vulnerable area for fraudulent activities, research suggests.

The Association of Member Nominated Trustees has set up two working groups to develop proposals to defend DB funds and look at best practice for DC schemes.

Signatories to the United Nations Principals for Responsible Investment will now have to pay fees in order to participate.

DB Advisors could win up to $12bn (£7.4bn) in money market fund assets from rival Standard Life Investments after SLI's withdrawal from the sector over regulatory concerns.

The government could be forced to subsidise the National Employment Savings Trust to the tune of £379m, European Commission documents show.

Deafblind UK has joined The Pensions Trust's multi-employer defined contribution Flexible Retirement Plan.

The Finance Bill has aligned default pension input periods with the tax year so that it ends on 5 April looking ahead, Sackers says.

The asset management industry "abdicated responsibility" towards schemes during the financial crisis of 2008 and needs to become more responsible towards clients, Hermes says.

Fiduciary duties must be radically overhauled to move away from the "myth" trustees' sole duty is to maximise returns for scheme members, a report says.

Hermes Fund Mangers explains how the general move towards de-risking, the increased reliance on risk models and the increasing love of complex investment strategies may actually be some of the biggest risks facing schemes today.