The cost of the single-tier state pension will surge by £344bn between 2013 and 2063, according to figures published by the Office for National Statistics (ONS) today.

Paul Flowers' role as a trustee to the Co-operative pension scheme will come under scrutiny as part of ongoing governance reviews into the Co-operative Group and Bank, a spokesman has confirmed.

Kames Capital has appointed former Citibank complex pricing group assistant vice president Nick Chatters to its fixed income team headed by David Roberts.

Scottish companies have seen deficits in their defined benefit (DB) pension schemes increase from £3.2bn to £6bn over the past year, according to a report.

Trustees of the Airways Pension Scheme have been forced to put on hold a discretionary increase in payments after British Airways launched legal proceedings to block the move.

Employers offering defined benefit (DB) schemes are unlikely to increase their normal retirement ages beyond 65 despite changes to the state pension age (SPA), according to Aon Hewitt.

People across the UK will be unable to claim their state pension until the age of 68 from the mid-2030s rather than 2046 as previously planned.

PwC has announced that former Towers Watson actuary Ben Stone has joined its pension risk team as a senior manager.

Friends Life chief investment officer Mark Versey is set to leave the company to take up the role of director of client solutions at Aviva Investors in the New Year.

The Pensions Regulator's (TPR) position on the integration of covenant, funding and investment risk planning "has limitations", according to Towers Watson.