The switch from RPI to CPI for pensions indexation will give members a lower outcome over the long term but gives better consistency, Steve Webb says.
Aegon has started consultation with unions over 51 redundancies across its employee benefits and finance departments.
The combined pension deficit of FTSE100 firms could jump by £25bn in one month due to unhedged risk exposure, a report suggests.
The BBC has confirmed it will use Friends Provident to run a defined contribution scheme for new members.
Premier Pensions Management has joined forces with Gatemore Capital Management to increase its occupational scheme services for small and medium sized businesses.
The Institute and Faculty of Actuaries president has urged members to change the pace of industry development and define an actuary's role in business.
Caroline Instance will step down from her role as chief executive of the Institute and Faculty of Actuaries in February next year.
Employers are entering a period of "fraternalism" with their scheme members, delegates heard.
Trustees have been urged to take control of decision making rather than giving way to their advisers.
Neil Carberry talks about the progress of auto-enrolment