buyout update: These monthly indices will enable readers to follow the price of buying out pension liabilities. The first chart tracks affordability for different membership types, the second is a projection of pension costs based on four RPI/CPI scenarios.

Analysis: David Rowley reveals how one  council-run scheme is faring in light of swingeing cuts. Five of its key staff say how they are coping.

Analysis: The PPF has recognised that its stringent procedures do not always get the optimal
outcomes for individual schemes, so a review of its approach is underway, explains David Rowley

Lesley Harold, pensions know-how lawyer at Norton Rose, discusses so-called safeguarded rights, which were a former partner’s share of a member’s contracted-out rights.

Gary Squires, head of Zolfo Cooper's pensions advisory services, and his colleague Andrew Palmer, who is director, urge trustees to be aware of the risks of corporate refinancing and to negotiate robustly to protect members’ interests.

Anne-Marie Winton, partner at Nabarro, offers 10 benefit changes and liability management exercises that can be made to an occupational pension scheme to manage risk without going as far as ceasing accrual.

The Pensions Week interview with the shadow secretary for work and pensions Theresa May is now online.