Pensions minister Steve Webb has confirmed its intention to have a pot follows member system to consolidate small pots in place by autumn 2016.

Towers Watson has launched an off-shore longevity hedging service to give medium-sized schemes direct access to the reinsurance market.

The MacDermid Canning Pension Scheme has bought out its 670-member scheme using Aon Hewitt's implemented annuities service.

A methodology for assessing longevity basis risk developed by Hymans Robertson and Cass Business School will help bring index-based longevity swaps into the mainstream, say actuaries.

The total deficit of schemes covered by the Pension Protection Fund (PPF) has climbed to its highest level since April 2013, latest figures show.

The Merchant Navy Officers' Pension Fund (MNOPF) is set to launch an industry-wide defined contribution (DC) scheme for officers and ratings in the Merchant Navy.

The Universities Superannuation Scheme (USS) has agreed to carry out a broad survey of members to discover their views on non-financial investment concerns.

Partnership has completed a £206m buy-in covering high value members of a "multi-billion pound scheme" in the biggest medically underwritten bulk annuity deal to date.

The biggest stories on PP this week include the winners of our first investment awards, the end of the death tax on annuities and the emergence of a market in distressed pensions debt. Here's what you might have missed.

JLT's Mark Wood says the concept of a pension has all but disappeared since the Budget