Mercer

There is an urgent need for clarification on a loophole in auto-enrolment legislation about the definition of hybrid schemes, Lane Clark and Peacock says.

An increase in long-term inflation expectations has increased FTSE350 defined benefit liabilities by around 3%, according to Mercer.

The majority of financial directors and senior leaders say scheme deficits are hampering their business investments, research shows.

The UK pension system has been ranked seventh in a Mercer study ahead of the USA, Germany and France.

Mercer, Aon and Blackrock must compensate a scheme member whose fund was depleted when invested incorrectly following an enhanced transfer exercise.

Multi-national corporations are changing their approach to executive remuneration as a result of the UK's "shareholder revolution", Mercer has said.

Research from Hymans Robertson shows that IAS19 deficits rose from £67bn to £115bn for FTSE350 companies in the year up to July 2012.

Schemes are interested in fiduciary management but greater understanding is needed. Helen Morrissey looks at how schemes are engaging with this service.

FTSE350 scheme deficits have remained virtually unchanged since 2002 while FTSE100 longevity assumptions have increased for the sixth year running, Mercer says.

Mercer has confirmed its UK chief executive Alan Whalley has retired from the company, leaving a gap in its senior team.