Analysis

Deferred members dominate the DB universe but the high cost of insuring them makes bulk annuities out of reach for many schemes, even more so since the introduction of Solvency II. Kristian Brunt-Seymour explores what schemes can do.

The Pensions Regulator's updated DC code outlines what it expects of trustees, but it is not mandatory. James Phillips explores what trustees can take from its recommendations.

Structural imbalances in the gilts market have worsened since the central bank's QE programme faced major setbacks. Supply is squeezed and prices are distorted, pushing down yields yet again. Stephanie Baxter asks if we should be worried.

Capital adequacy rules could ensure master trust providers have enough money if they go bust. James Phillips explores if it is the best way to protect members

As deficits soared following the Bank of England's rate cut and stimulus package, the future for DB looks even more challenging. A major re-think is needed to avert a pensions crisis, writes Stephanie Baxter

HMRC has been wrangling with a recent EU judgement saying DB schemes could reclaim VAT. With Brexit on the horizon, James Phillips explores whether the attempt is futile

In its seventh year, KGC Associates' survey finds trustees need to engage more with administrators. Michael Klimes looks at the findings.

In the wake of the Brexit vote, the government has been radically overhauled. Two former pensions ministers tell James Phillips how this affects pension policy.

Two years have passed since the Law Commission's landmark review that attempted to clear up confusion over trustees' fiduciary duties. Stephanie Baxter finds despite some initial progress there is much more work to be done.

Several property funds suspended trading last week in the wake of large outflows. Helen Morrissey asks whether pension funds are taking a long-term view.