Union bosses have branded executive managers at an exam board "hypocrites" for axing defined benefit pensions for staff but retaining them for senior management.

Accrued benefits for deferred occupational scheme members will have plummeted 20% by retirement if schemes use Consumer Price Index inflation to uprate benefits, research finds.

Greater Manchester Pension Fund will increase employer contributions by 1.4 percentage points after its funding level dropped from 100% to 96.4% following its triennial valuation.

University workers will be balloted for strike action over pension changes after the Universities Superannuation Scheme confirmed an end to its final salary scheme for new entrants.

Plans to introduce a universal state pension could be held back until 2014 to give the coalition government a boost at the next general election, a policy expert says.

Universities Superannuation Scheme trustees have rejected plans to cap inflationary increases for members' benefits and force people who re-join the fund to switch to career average.

News International group pensions manager Rosie Kumik, who passed away on Friday 7 January, was an "invaluable and "inspiring" person, colleagues said today.

Pension reformer Lord Hutton has hosted a series of 13 private forums with industry chiefs to hear first-hand concerns and ideas for his reforms, the Treasury confirms.

Aberdeen Asset Management has launched a Latin American equity fund giving schemes the chance to gain exposure to economies such as Brazil, Chile and Mexico.

Trustees of the Universities Super­annuation Scheme are expected to amend disputed proposals to change the scheme's pension structure when they meet today, PP understands.