The spending review settlement with the Department of Work and Pensions will fund the introduction of auto-enrolment from 2012 and the establishment of the National Employment Savings Trust, the government has announced.
Equitable Life victims will get about £1.5bn in compensation, the government has confirmed.
The Comprehensive Spending Review is necessary to bring the UK economy "back from the brink", says Chancellor George Osborne.
"Never again" will state pension only increase by 75p
Public sector workers will see scheme contributions increase by an average of three percentage points under Spending Review proposals to be phased in from April 2012.
The £1.5bn that the government has put on the table to settle the long-running Equitable Life saga is a good deal.
Chancellor George Osborne is unveiling a range of cuts to government spending, aimed at bringing the UK's burgeoning deficit under control. Here are the key points live...
Uniq and the pension scheme trustees have come up with a revised funding agreement that could see 90% of the company's equity handed to the trustees.
The Association of Member Nominated Trustees has launched a website to allow potential members and friends to register to join the group.
Just Retirement's group sales hit £1bn for the first time during the year ending June 30 2010, which is a 33% year-on-year increase.