News

UK funds have launched a legal claim against Royal Bank of Scotland over "misstatements and omissions" relating to a £12bn rights issue in 2008.

Staffordshire Pension Fund and Royal Borough of Greenwich Pension Fund have become the latest schemes to join the Local Authority Pension Fund Forum.

Axa is reviewing the viability of maintaining its defined benefit scheme due to an increasing deficit and the additional costs associated with the end of contracting out.

Welsh authorities have consulted on merging local government pension scheme funds into a common investment structure.

The Local Authority Pension Fund Forum has called for a wholesale overhaul of "broken" executive pay practices.

Long-term asset owners must be the "overwhelming voice" in any proposed UK investor forum, according to industry figures.

The annual cost of unfunded public sector schemes has increased since the introduction of the Hutton reforms according to figures from the Office for Budget Responsibility.

The Pensions Regulator's proposed approach to trust-based defined contribution could force schemes to close due to regulatory arbitrage, increased compliance burdens, and a lack of clarity, the industry warns.

Pension payments into Cypriot bank accounts for British expats have been suspended by the UK's Department for Work and Pensions.

Sponsors must demonstrate a distinction between promoting growth and simply saving money in scheme deficit repair negotiations, The Pensions Regulator chief executive Bill Galvin says.