defined benefit

The Universities Superannuation Scheme's subsidiary USS Axle Pty has acquired Brisbane Airtrain for A$100m (£75.9m).

Universities Superannuation Scheme has confirmed the appointment of Bill Galvin as group chief executive.

Manchester Airports Group has appointed Buck Consultants to provide actuarial and investment consulting as well as administration services.

The Department for Work and Pensions has launched a consultation on its proposals to improve auto-enrolment, including simplifying eligibility and potential exemptions for defined benefit schemes from qualification requirements.

Buck Consultants has appointed Marcus Hurd as principal and senior consulting actuary in its defined benefit division.

Jack Jones looks at the implication for schemes of the proliferation of inflation measures produced by the ONS

The Findel Group Pension Fund has appointed Barnett Waddingham to provide actuarial, investment and administration services.

Fujitsu Limited has paid £800m to Fujitsu UK and Ireland in order to "substantially improve" the funding position of its defined benefit schemes.

Pensions Buzz respondents were sceptical as to whether schemes could benefit from stepping into the role of lending directly to businesses.

Most contributors thought the failure of the Wheels test case would not have a big impact in schemes. The bid to secure tax relief on VAT paid on investment management charges was rejected by the European Courts of Justice earlier this month.