Mercer

The Financial Conduct Authority (FCA) is seeking further industry views on whether to refer the investment consulting market to the Competition and Markets Authority (CMA), with a final decision expected in September.

More than half (55%) of defined benefit (DB) schemes are now cashflow negative, yet many do not have formal de-risking plans, according to research.

A $224trn (£174.2trn) combined deficit could hit the six largest pension systems if action is not taken now to address longevity risk, the World Economic Forum (WEF) has warned.

Veolia UK Pension Trustees has announced it has appointed Schroders to be the fiduciary manager for its largest defined benefit schemes, which have a combined asset value of £880m.

Deficits could fall by hundreds of billions of pounds if the six-year stall in life expectancy improvements becomes a long-term trend. However, there is a risk of taking too much notice of short-term changes, writes Stephanie Baxter.

With political parties drawing up their manifestos for the snap general election, James Phillips explores the industry's greatest desires for the future of pensions

Sponsoring employers are increasingly updating mortality assumptions at a more frequent rate to keep on top of changes in pension liabilities, according to Mercer.

The funding level of defined benefit (DB) schemes improved by five percentage points in March on the back of a reduction in mortality improvements, JLT Employee Benefits has estimated.

Mortality improvements have declined for yet another year, ducking previous estimates. James Phillips explores what this means for pension schemes

The Local Government Pension Scheme (LGPS) has introduced a new framework to measure investment performance and costs, and has awarded mandates to seven providers.