Tanjil Rashid looks at how schemes are preparing for the end of contracting out

The pensions minister has revealed that the Department for Work and Pensions (DWP) predicts people's pension incomes will in the future be consistent with present earnings.

Most pension schemes say they judge fiduciary providers according to their own investment objectives, rather than an industry benchmark.

Pension fund trustees are increasingly responsible for managing risk, but lack the skills to do, according to research by a pension consultancy.

UK pensions would be better off regulated by a single body in the future, the pensions minister Steve Webb has said.

The government is looking into exit fees levied on people cashing in their defined contribution (DC) pots, but has as yet no plans to intervene, says Steve Webb.

The success of the pot follows member policy will depend on better efficiency and cost control, according to Origo.

Barnett Waddingham has bought Harsant Services for an undisclosed sum, taking on the administration of five occupational pension schemes.

The Pensions Ombudsman has announced delays to its decision on upwards of 84 complaints related to suspected liberation fraud, claiming it is "not yet in a position to publish" conclusions.

The Financial Reporting Council (FRC) has proposed amendments to its FRS102 accounting standard to address fears an overhaul of reporting standards will add millions to corporate liabilities.