Trustees emptied pension fund to gamble on property; High charges and poor annuities decimate pensions; Fund managers' fees should be the focus of attention; Tax "reclaim" by pension funds was just a code for a subsidy

Falling discount rates have pushed Diageo's pension deficit up by almost a quarter to more than £1bn.

Schemes with contingent assets have until the end of March to certify that they meet stringent new criteria if they are to be used to reduce their Pension Protection Fund levy.

The Pensions Regulator has banned three ex-trustees for life after uncovering "serious and persistent" breaches of investment regulations and legislation on trustee knowledge.

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This could be a dire year for schemes as last year's losses are compounded in the first quarter and crystallised for the 40% of schemes with triennial valuations in March, warns Pension Corporation.

The union-led appeals against the government's indexation switch will go ahead later this month and coincide with a protest against the changes outside the court.

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IT firm RM has begun a consultation to close its defined benefit scheme to existing members in a bid to limit its exposure to the schemes growing liabilities.

Daily Mail and General Trust has appointed Jane Allen to the newly created role of group reward director, taking over from outgoing pensions director Geoffrey Staines.