UK - The government has announced it will set up a new public Royal Mail pension scheme - the liabilities of which are to be met by the taxpayer.

The government has announced it will set up a new public Royal Mail pension scheme - the liabilities of which are to be met by the taxpayer.

Schemes that have already mitigated risk are likely to be hit hard by the Pension Protection Fund's new levy calculation, Aon Hewitt warns.

UK - Insurers will be forced to increase buyout prices in the medium term unless CPI-linked instruments are issued in the coming months, Punter Southall says.

The BBC is facing a "winter of growing discontent" over proposed changes to the pension scheme, cuts and jobs, the National Union of Journalists warns.

Insurers will be forced to increase buyout prices in the medium term unless CPI-linked instruments are issued in the coming months, Punter Southall says.

UK - The aggregate funding position of the 6,653 schemes in the Pension Protection Fund's 7800 index improved to a deficit of £20.4bn ($32bn) at the end of September.

The aggregate funding position of the 6,653 schemes in the Pension Protection Fund's 7800 index improved to a deficit of £20.4bn at the end of September.

Allowing savers early access to pension cash would inject £65bn into the UK economy in the short term, the Society of Pension Consultants says.

Communicating to member groups of more than 50,000 at a time could save defined contribution schemes as much as £48 per member, delegates heard