Top bosses at FTSE100 firms have average pension pots worth nearly £4m each, with the top director this year amassing a £21.5m pot, according to a trade union study.

UK - Unions have walked away from a consultation by Unilever on plans to move all final salary members into career average, making strike action at the firm "very likely", an official says.

Unions have walked away from a consultation by Unilever on plans to move all final salary members into career average, making strike action at the firm "very likely", an official says.

Proposals to implement a new LGPS with lower accrual rates could be used as a short-term fix to generate millions of pounds in savings required from the scheme by Treasury next year.

Punter Southall has added 100 corporate pension schemes to its client roster after buying the pensions division of investment management firm Brewin Dolphin.

Unions and local councils are on collision course with central government after sources revealed officials were set to miss the September deadline to deliver LGPS reform proposals.

Legislation to introduce a single-tier basic state pension is set to include options to help firms offset the loss of the contracting out rebate, according to a business lobby group.

Plunging gilt yields currently rocking scheme funding levels could accelerate the number of final salary schemes shutting down to existing members, a pension analyst predicts.

Firms planning to freeze their defined benefit schemes should do so before 5 April next year due to a forthcoming change in guaranteed minimum pension rules, a consultant says.

Pension funds' reaction to last week's market turbulence show governance standards have improved since the 2008 market crash, with many schemes moving to re-risk their portfolios, according to market experts.