UK - The BBC is set to close its final salary scheme to new members after its deficit surged to £2bn (US$3bn).

BT has reduced its pension scheme deficit by £1.4bn after it increased assets by £2.7bn last year.

Employers who thought they were free of funding obligations might still be "on the hook" for paying liabilities, following a High Court ruling yesterday.

UK - Employers who thought they were free of funding obligations might still be "on the hook" for paying liabilities, following a High Court ruling yesterday.

The Pension Protection Fund has recruited six global tactical asset allocation managers as part of its statement of investment principles announced earlier in the year.

UK - The Pension Protection Fund has recruited six global tactical asset allocation managers as part of its statement of investment principles announced earlier in the year.

Taylor Wimpey has announced it will close its defined benefit scheme to future accrual at the end of August.

The Financial Services Authority has today confirmed the ban on commission for sales in the group personal pension market from January 1, 2013.

Top Lib Dems fire warning to Tories; Retirement age rise plan attacked by charities and unions

Balanced pooled funds recorded a negative month on month median return of -4.5% last month, BNY Mellon Asset Servicing results show.