The trustees of the British Airways pension schemes have signed a deal with BlackRock that places the investment management company in charge of more than £21bn worth of assets.

The government is to amend regulations to the NHS Pension Scheme that has seen hundreds of employers, including GPs, hit with charges for staff members who are in the last three years prior to retirement, which could amount to hundreds of thousands of pounds.

The University and College Union is to decide “in the coming days” whether to press ahead with industrial action after its newly released 'benefits modeller', aiming to show how much members stand to lose under controversial proposals by the Universities Superannuation Scheme, was dismissed by employer representatives.

On the go: Trustees need to improve their understanding of liquidity risks and do more to monitor and mitigate against them, the Pensions Regulator has said.

Podcast: Quietroom development lead Joe Craig and Taylor Wessing senior associate Hadassah Shulman discuss the implications of the McCloud remedy for police officers, simpler annual statements, and the government’s anti-scam proposals.

On the go: The Pensions Regulator has called for the pensions industry to give its views on the application of new contribution notice tests stemming from the Pension Schemes Act.

This week – DWP’s DC charging structure riles master trusts, TPR unveils its latest annual funding statement, new bill that allows DWP to loan money to the PPF, and the BMA’s move to exclude members from the planned pension age hike.

The Pensions Regulator has used its latest annual funding statement to call for trustees to remain vigilant of weakening employer covenants and corporate activity, while laying out guidance on how to approach scheme valuations under the current challenging conditions brought by the pandemic.

On the go: Most fiduciary managers had positive returns in 2020 without needing to change their investment strategies in light of the Covid-19 pandemic, analysis from XPS has shown.

The Department for Work and Pensions is considering introducing a universal charging structure for the default funds in defined contribution schemes. The move was welcomed for the clarity it might give to DC savers, but experts have warned of the problems it would cause master trusts such as Nest.