The Debt Management Office has "no plans" to issue mortality bonds to help kick-start a planned market in longevity risk.

Argonaut raises £500m

THE PENSIONS TRUST has appointed Stephen Nichols as its new chief executive from May 1 next year.

MANAGEMENT consultants Hay Group has moved into the provision of online benefit solutions after teaming up with technology provider Vebnet.

Life expectancy rises

Employer defined contribution rates for new members of staff average 6.9pc, research reveals.

UNIONS have accused the government of being "irresponsible" after announcing proposals for the new Local Government Pension Scheme before completing talks.

THE PENSIONS Bill - published today - represents a landmark settlement for future generations, the government claims.

Trustees should consider radical changes to scheme structures if more than one section is open to new joiners, law firm Lovells claims.

THE White Paper on personal accounts is being delayed to ensure it does not overshadow the chancellor's pre-Budget report, industry sources claim.