Trustees and schemes will face substantial administrative burden after the European Commission announced revisions to its incoming pension fund directive, including a requirement to continually evaluate environmental risk, which have been deemed “too prescriptive” by experts.

The EC has today proposed revisions to the IORP II directive which will introduce new governance requirements, encourage investment in long-term assets and require cross-border schemes to be fully funded.

Data analysis: Schemes ploughed £7.9bn into fixed income assets in the last quarter of 2013, data from the Office for National Statistics showed, as they accelerated derisking plans and diversified fixed income assets.

A catch-up on the latest official data on workplace saving, as auto-enrolment boosts the proportion of employees in a workplace pension to one in two.

Global institutional investor sentiment is moving towards hedge funds as pension schemes look for less volatile equity returns, with larger investors favouring bespoke blended manager mandates.

State Street Global Advisors is the latest manager to detail its UK target date funds with an emphasis on volatility control, while consultants scrutinise the take-up and construction of these strategies.

A catch-up on the government's call for greater transparency of costs in DC schemes, featuring stats, views and analysis on the key issues for scheme professionals.