The government will allow the Local Government Pension Scheme to ditch Lord Hutton's proposals for a career average scheme and keep the final salary arrangements if it can justify it is "fairer" for members, a senior source close to government says.
Women will be ‘winners' once auto-enrolment is introduced next year, but pensioners who rent in retirement could end up getting less back than they put in.
The Treasury's "reference scheme" is being used as the basis on which a new public sector pension scheme will be designed. We look at what has changed.
Here it is. Chief secretary to the Treasury Danny Alexander's speech to the House of Commons regarding enhancements to public sector pensions reform proposals.
The government has offered unions an improved accrual rate of 1/60th and more protection for workers approaching retirement in a concession on public sector pension changes.
The Pensions Bill has cleared both Houses of Parliament and will become law after a last-ditch Labour attempt to amend it was rejected in the Lords.
Labour has made a last attempt to stall the government's increase to the state pension age in the very last stages of the Pensions Bill.
The European Commission has bowed to UK pension industry demands for a longer consultation period on Solvency II requirements and extended the deadline by five weeks.
Unions challenging the government's switch of inflation measures for up-rating public sector pensions in the High Court are arguing the move contravenes the Human Rights Acts.
The European Commission plans to adopt a "holistic balance sheet" approach to scheme funding rules which will treat sponsor covenants as assets, a consultation reveals.