The Tax Incentivised Savings Association (TISA) has appointed Baroness Jeannie Drake to advise its board of directors.

Deficits in defined benefit (DB) schemes have deteriorated over the last 12 months due to low gilt yields and market volatility over the summer, according to JLT Employee Benefits.

Almost half of the industry believes a flat rate of tax relief would be the best outcome from the government consultation that closed this week, Professional Pensions research finds.

Fidelity Worldwide Investment has revealed what its customers are spending their pension lump sums on, with one retiree using the cash to buy a red Routemaster bus.

The government should cap the rate of tax relief high earners can claim on pension contributions rather than introduce a flat rate across all income bands, says Hymans Robertson.

Vince Linnane will step down from his role as chief executive of the Pensions Management Institute (PMI) next year.

The People's Pension has appointed State Street Global Advisors (SSGA) as its investment platform provider after reviewing its at-retirement offering.

Executives at blue chip companies had average employer contributions worth 34.1% of salary last year, according to the Trades Union Congress (TUC).

Prudential UK and Europe has appointed Michael Abramson to lead its bulk annuity business after Andy Reed decided to step down from the role.

Will Aitken has been appointed as head of Deloitte's defined contribution (DC) and employee benefits business.