Industry

An industry-wide consultation on the RPI to CPI switch will be issued tomorrow, Steve Webb says.

The UK private pension system is "not fit for purpose" and "hugely inefficient", research by the Royal Society for the encouragement of Arts, Manufactures and Commerce finds.

As longevity expectations continue to rise, Laura Blows explores the options available to counter this and the move towards standardisation of the longevity hedge market

The UK has the lowest gross replacement rate in the Organisation for Economic Co-operation and Development for state pensions, the TUC says.

Government must amend legislation and regulation to move away from a culture that punishes companies for doing more than the legal pensions minimum, delegates heard.

Proposed changes to public sector pensions are "unpalatable" as previous cuts have already slashed pots by 25%, delegates heard.

Private sector pension provision in the UK has gradually been "ratcheted down" to inadequate levels and should not be repeated in public sector reforms, Lord Hutton says.

Trustee re-balancing must be non-partisan

Members of the Work and Pensions Select Committee are going on a fact-finding mission to Brussels next week following the publication of the EU green paper on pensions.

Trustees must amend scheme rules quickly if they want pre-A-Day limits to continue to apply so a legal loophole does not increase member benefits, a lawyer says.