Defined benefit (DB) schemes are underestimating liabilities by 1% by failing to take into account the varying rate of longevity improvements in the population, according to a ground breaking study.

Top stories on PP this week have included a potential £2bn windfall for sponsors, a complex £2.5bn buyout, a government U-turn on freedom and choice and calls for a drawdown fee cap. Here's what you might have missed.

The TRW Pension Scheme has secured a £2.5bn pensioner buyout with Legal & General (L&G) after a year-long liability management project involving pension increase exchange (PIE) and enhanced transfer value (ETV) exercises.

Henry Tapper says caps are unpalatable, but necessary if the industry won't sort itself out

Jack Jones says a commission would improve policy but not fire voters' imaginations

PP looks at the role a Retirement Savings Commission could play in shaping policy in the UK

The Daily Mail and General Trust (DMGT) has agreed a recovery plan with trustees of its defined benefit (DB) schemes that will see it contribute £350m over 12 years.

This week we want to know what you think about scheme AGMs and what 'long term' means for investors.

Mitchells and Butlers has agreed a ten-year recovery plan with trustees of its defined benefit (DB) scheme, after its latest triennial valuation revealed a £527m shortfall.

The government has dropped plans to fine savers who access defined contribution (DC) pots under changes announced in the Budget but fail to alert all their previous pension providers.