Industry

Government proposals to scrap the default retirement age will damage businesses and lead to a surge in costly employment tribunals, the Confederation of British Industry warns.

Advisers need to ensure customers with small pensions funds are treated fairly, writes Andrew Megson, managing director of retirement at Partnership.

A batch of 40-year inflation-linked gilts - being sold by the Debt Management Office this week - has been branded as "expensive" by a consultant.

Cabinet Office attempts to reform the Civil Service Compensation Scheme have been quashed following a judicial review.

The University of Edinburgh has appointed Aon Consulting to provide actuarial consulting and pension administration services.

Battery supplier Energizer has appointed Buck Consultants to provide actuarial, administration, consulting and investment consulting services for its £33m UK pension scheme.

The scales of justice tipped in the direction of wronged pension schemes this week when £32m of defrauded pension scheme assets were returned.

Advice given to scheme members on enhanced transfer values should be fully independent and paid for by the employer, Prudential says.

Pension funds activism as shareholders was "conspicuous by its absence" during the crisis but more engagement by schemes could have made things worse, an academic claims.

The coalition's pledge to simplify the rules and regulations that have hindered occupational pensions in the past is welcome news.