UK pension funds are set to increase their delegation of investment governance, consultants have said, following a European survey showing the greater governance demands expected by scheme investors.

Even trust-based schemes not covered by the Association of British Insurers’ retirement choices code – which launches tomorrow – could use it to ensure members are fully informed about the open market option, the organisation has said.

Data analysis: The Pensions Regulator has reinforced its online auto-enrolment registration and accompanying communication campaign to encourage companies to record their pension scheme details, after its research revealed many employers were unaware of the procedure.

The £33.9bn Universities Superannuation Scheme has dropped its allocation to UK equities from 40 per cent to 16 per cent in the past decade, reflecting a wider shift towards derisking and diversification, its chief investment officer told a parliamentary committee yesterday.

Video: Pensions Regulator chief executive Bill Galvin says there is no "stripped-down" version of the new DC regulatory framework for smaller schemes, and explains how the regulation of contract-based schemes will change, in the latest Policymakers and Decision-makers (5:22).

Mexico has become the emerging market of choice for institutional investors, according to a PW survey of 16 leading fixed income managers.

Annuity specialists have urged schemes to engage more with members about enhanced annuities, as figures show their value over standard rates has strengthened during the past six months.

More local authority funds are likely to join the Pensions Infrastructure Platform having waited for the initiative to gain momentum, the chief executive of the London Pensions Fund Authority has said.

Schemes and providers have been quick off the mark to promote the Pensions Regulator’s anti-fraud campaign to protect members from pension liberation scams.

Invensys Pension Scheme has reduced transfer values by 1 per cent to ensure those members remaining in the scheme do not lose out from its funding shortfall – a method used by underfunded schemes to safeguard benefits.

Video: Railpen's Deborah Gilshan explains how the pension fund works with its managers on "governance risks and opportunities" in its portfolio, while Iain Richards of Threadneedle Investments sets out how schemes can beef up their oversight, in the latest PW Review (4:59).