The Financial Conduct Authority is set to broaden the distribution of long-term asset funds within the pensions sector to self-select options and will push ahead with plans to lift the 35 per cent illiquid investment cap.

On the go: Every industry in the UK has a gender pensions gap, including those dominated by female workers, according to new research. Legal & General also confirmed that women can expect a pension pot that is half the size of men’s pots, regardless of their industry.

On the go: The Pensions Administration Standards Association has issued guidance on ‘value data’ for pension dashboards, advising providers that this “complex” area of the dashboard programme will require additional backend calculations and preparedness.

The Pensions Ombudsman has partially upheld a complaint against the trustee of the Midcounties Co-operative Pension Scheme, criticising the scheme's record keeping, but fell short of awarding the applicant the 12 years’ worth of entitlements he sought.

Stephen Timms, chair of the Work and Pensions Committee, has written to the Pensions Regulator to describe the “frustratingly slow” process facing members of the schemes of which funds were invested in Norton Motorcycles, as well as complaints about communications from the trustee, Dalriada.

On the go: Lloyds Banking Group has made £1.3bn in deficit contributions to its three main defined benefit pension schemes.

On the go: Fiduciary managers depended on a strong performance by equity markets to drive returns in 2021, helping most to outperform a key benchmark.

On the go: Tax-backed employers may struggle to maintain their contributions in line with the Northern Ireland Local Government Pension Scheme’s growth, the Government Actuary’s Department has found.