Association of Consulting Actuaries chairman Stuart Southall has defended valuation methods against claims they rely on "fundamentalist theory".

Ford has clashed with unions over plans to shut its UK defined benefit scheme to new members.

The Superannuation Arrangements of the University of London has reappointed Northern Trust as global custodian with an extended mandate.

Capita falls after missing out on Friends Life deal; Head teachers to join pensions action; Heads vote for pensions strike; Kesa offloads Comet for just £2 to OpCapita

The Association of British Insurers and National Association of Pension Funds have published updated guidance for trustees considering buy-ins or buyouts.

The growth in asset-backed contribution structures could come to a "juddering halt" if the arrangements were ever tested in court, consultants and lawyers warn.

Hermes BPK has launched a global equity hedging product in a bid to help schemes de-risk long only equity allocations.

Kesa Electricals will retain responsibility for the Comet Defined Benefit Pension Scheme after completing the sale of scheme's sponsor.

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Intercontinental Hotel Group is to close the defined benefit section of its UK pension scheme in response to the cut in the annual tax-free allowance.