The accounting position of FTSE 100 defined benefit (DB) schemes has worsened from a £12bn surplus to a £17bn deficit over the last 10 years despite mammoth contributions.

The Pensions Regulator (TPR) used its formal powers 50,068 times in just 12 months to ensure high levels of compliance with the auto-enrolment regime.

Gender imbalance among senior actuaries is still common but the industry is providing solutions and aims to tackle the wider lack of diversity, writes Kim Kaveh

Most respondents believe raising it to 68 earlier than planned is good for the economy

Transfers to Qualifying Recognised Overseas Pension Schemes (QROPS) are down for the second tax year in a row - to 9,700 transfers worth £1.22bn in 2016/17 - according to HM Revenue & Customs data.

A total of £12.7bn has been withdrawn from pensions since Freedom and Choice was introduced in April 2015, according to latest HM Revenue & Customs (HMRC) statistics.

Engineering group GKN has announced it closed its two UK defined benefit (DB) schemes to future accrual on 1 July, after falls in bond yields increased liabilities in 2016.

Jason Fletcher has been appointed chief investment officer (CIO) of the £40bn pool for nine midlands-based Local Government Pension Scheme (LGPS) funds.

Some 18% of earnings need to be saved each year to achieve an adequate income, an International Longevity Centre (ILC) report has concluded.

The Treasury has confirmed the government will go ahead with its plans to increase the Lifetime Allowance (LTA) in line with inflation from next April.