Public sector pension schemes must ‘bite the bullet' on planned reform because the changes are necessary to ensure fairness to taxpayers, Lord Hutton told delegates.
Friends Life has launched today with five million customers across the pensions, investment and insurance markets in the UK.
Uniq has completed restructuring after the deficit for equity deal which saw its pension fund take control of the company.
Equitable Life will give policyholders who leave the society an enhancement to their with-profits payment equivalent to 12.5% of their policy value.
PP editor Jonathan Stapleton hosts a special Budget debate with Barnett Waddingham consultant Malcolm McLean and National Association of Pension Funds senior policy adviser James Walsh.
The BBC has agreed an 11-year repayment plan with the scheme trustees to address its £1.1bn deficit.
The overall winner of the 2010 Art of Pensions competition, Anthony Hart of MNPA, receives his trophy from Pendragon managing director Simon Freeman and PP editor Jonathan Stapleton at the awards lunch, held in London last week.
Only 34% of pension professionals feel they are paid in line with the market, but more reported salary increases this year, a Sammons Pensions poll shows.