The pensions ombudsman has said it should be publishing determinations on pension liberation cases within the next few weeks, with trustees hoping the reports will help them on difficult transfer decisions.
Invensys Pension Scheme has exceeded full funding on a technical provisions basis and has taken the unusual step of terminating a reservoir trust that was set up to provide funding security after the employer was purchased.
Vodafone has contributed £325m to its defined benefit scheme as it completes the transfer of the Cable & Wireless Worldwide Retirement Plan, after purchasing the rival telecoms company in 2012.
The BBC has seen a small improvement in its accounting pension deficit as it embarks upon a 12-year plan of additional contributions to boost its scheme funding.
North East Scotland Pension Fund plans to establish a dedicated governance team – incorporating communication responsibilities – to deal with the increased workload produced by local government pension scheme reforms.
Industry experts have predicted the use of enhanced transfer value exercises could increase as employers look to encourage switches out of defined benefit plans in light of the Budget changes, but trustees have been urged to ensure members receive adequate advice.
Comment & Analysis
Jelf's Mark Winstanley argues that the Budget changes did not destroy lifestyle strategies, and predicts there will be three predominant paths of member decision-making at retirement, in the latest edition of Informed Comment.
Talking head: Redington's Rob Gardner analyses the state of pension funds' growth assets, arguing that in an environment where many assets look expensive, reward can be found through focusing on reducing downside.
In the latest edition of Technical Comment, LCP's Aiden Coloe and Chris Holly set out four steps for scheme managers, trustees and administrators to improve scheme data and reduce costs.
Video: Simon Howard, chief executive at sustainable investment trade body UKSIF, and Ralph McClelland, senior associate at Sackers, discuss the Law Commission's report on fiduciary duty, including the impact of its distinction between financial and non-financial factors (5:37).
Video: Mark Fawcett, chief investment officer at Nest, discusses the state-sponsored mastertrust's forthcoming consultation on how its investment strategy should change in light of the Budget reforms (5:03).
Video: Neil Carberry, director for employment and skills at the CBI, gives the employer's view on this year's historic pension changes, from the at-retirement flexibility bestowed by the Budget to the government's plans on defined ambition (5:38).
The Cut: latest posts
The DC Debate
- Are iPads harming or helping trustee boards? The cases for and against tablet governance
- Snowdon: 'unseen army' of non-IFAs could deliver guidance guarantee
- Civil service employers face increased contributions after discount rate cut
- The Budget has not killed off lifestyle strategies
- Webb: pension reform far from over