The majority of defined benefit pension schemes will be shut this year despite combined deficits decreasing by £121bn in the past year, Pension Capital Strategies says.

Schemes will continue to cut exposure to equities and fixed income and shift investments towards property and alternatives in the next six months, bfinance says.

The Pensions Regulator is set to release a discussion paper on how to improve member outcomes from defined contribution schemes.

PwC has expanded its pension consultancy team with two partner appointments and a senior level hire from The Pensions Regulator.

Schemes grappling with the costly problem of guaranteed minimum pension equalisation could face a prescriptive approach to legislation.

The proposed timetable to increase state pension age for women to 66 by 2020 will have unfair and disproportionate consequences for up to half a million women, Saga warns.

UK - Changes to defined benefit indexation have saved FTSE100 schemes more than £15bn($23.6bn), Towers Watson estimates.

The Pension Protection Fund has released a second consultation on the thorny subject of guaranteed minimum pension equalisation.

Changes to defined benefit indexation have saved FTSE100 schemes more than £15bn, Towers Watson estimates.

UK - Regulatory focus on plugging scheme deficits quickly is "unhelpful" and could actually damage businesses and pension funds, Hymans Robertson warns.