Taxpayers could be exposed to substantial losses from government guarantees on infrastructure projects designed to attract investors like pension funds, the National Audit Office warns.
Pension funds have traditionally been wary of investing heavily in infrastructure due to concerns over construction risk, despite the long-term returns from projects. The coalition has offered guarantees...
This week's top stories included analysis suggesting the British Steel Pension Scheme could have a £2bn surplus, while the Treasury removed its controversial MPAA cut from the Finance Bill.
Members of master trusts will see greater protection as new rules for an authorisation regime and capital adequacy have been signed into law.
Royal Mail has offered its employees a cash balance defined benefit (DB) scheme as a compromise for closing its current career average DB scheme to accrual.
The question of the state pension age will not be answered before the snap general election, the Department for Work and Pensions (DWP) has told PP.