The £650m Lloyd's Register Superannuation Fund Association is to undertake a wholesale review of its investment strategy and mandates.
Lloyds Banking Group made a net curtailment gain of £910m last year following changes to its UK defined benefit pension schemes, figures show.
Friends Provident's Trevor Matthews is to step down as chief executive and hand over the reins to former Scottish Widows chief Andy Briggs.
Three defined contribution schemes have received the NAPF's Pension Quality Mark PLUS award for providing "outstanding" defined contribution schemes to their employees.
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Part-nationalised banking group Lloyds and its subsidiary HBOS recouped a combined £1.44bn through changes to pension arrangements this year.