Both the government and the Financial Conduct Authority have confirmed plans to introduce caps on early exit pension charges, but authorities should take care not to actively encourage early decumulation, experts say. 

Merseyside Pension Fund is considering an increase in its allocation to infrastructure, as experts have warned that investors should ensure they have access to the relevant skills and experience.

The Rexam Pension Plan has carried out a trivial commutation exercise, contributing towards a reduction in total membership as defined benefit schemes are trying to reduce costs.

It is not uncommon to hear of trade unions stepping in to protect defined benefit provision for members, as final salary schemes continue to close. But with a greater focus on defined contribution adequacy, union approaches to closure cases are evolving.

The Confederation of British Industry has called for a number of reforms to help tackle the problem of pension costs for companies, including access to illiquid assets and approaches to measuring deficits.