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EMPLOYERS faced with crippling liabilities should be allowed to cut staff's accrued benefits, the National Association of Pension Funds says.

GOVERNMENT proposals to rewrite pensions law is "horrifying" because civil servants cannot grasp the subject matter, claims a leading actuary.

FRS17 is wrong and is making company managers take decisions based on the strength of pension scheme funding, delegates heard.

PROFESSIONAL Pensions - the industry's leading weekly magazine - has officially unveiled its revamped online news service today.

THE RAIL, Maritime and Transport union will take part in an industry-wide commission to find a long-term solution to railway pensions issues.

SWITZERLAND - The CHF1.5bn (e966m) Manor pension fund is to allocate 2% of its total assets to commodities and is also considering appointing a manager for a tactical asset allocation (TAA) overlay brief to be applied to the entire fund.

THE PENSION Protection Fund is a "world first" that commands public and industry confidence, claimed its chairman Lawrence Churchill.

FINANCIAL services giant PricewaterhouseCoopers is launching a covenant-driven investment programme to help trustees assess a scheme sponsor's strength.

PENSIONS secretary John Hutton "will come to regret" his decision not to establish a permanent, independent pensions commission, delegates heard.

Nearly half of schemes - 44pc - are using or considering implementing liability-driven investment strategies, research by JPMorgan Asset Management reveals.