MPs are set to lose their gold-plated pensions in favour of a career average revalued earnings scheme after an independent report from the Senior Salaries Review Board.

Some 600 AstraZeneca workers in Macclesfield are being balloted on strike action over proposed changes to the defined benefit pension scheme, unions say.

UK - Some 600 AstraZeneca workers are being balloted on strike action over proposed changes to the defined benefit pension scheme.

UK/US - Trade union Unite has threatened Ford with legal action over staff who lost their pension when Visteon UK went into administration last year.

Unite has threatened Ford with legal action over staff who lost their pension when Visteon UK went into administration last year.

Communications watchdog Ofcom has ruled out changes to British Telecom's wholesale charging structure, despite the telecoms giant's £9bn scheme deficit.

UK - Communications watchdog Ofcom has ruled out changes to British Telecom's wholesale charging structure, despite the telecoms giant's £9bn (US$13.9bn) scheme deficit.

The Pensions Regulator suspended trustees from more than 100 defined contribution schemes in the past year, its annual report and accounts reveals.

UK - The Pensions Regulator suspended more than 100 defined contribution scheme trustees in the past year, its annual report and accounts revealed.

Equitable Life policyholders will have to wait until the middle of next year for compensation, which could be as little as £400m.