Regulation

Royal Mail has agreed to pay substantially higher pension contributions to plug the scheme's multi-billion pound deficit.

UK - British Telecom is to challenge Ofcom's decision not to take into account its scheme deficit when setting its regulated charges.

British Telecom is to challenge Ofcom's decision not to take into account its scheme deficit when setting its regulated charges.

UK - The government is proposing to scrap the default retirement age of 65 by October next year.

UK - The Universities Superannuation Scheme board of trustees has approved employers' proposals for fundamental reform of its benefit structure.

Communications watchdog Ofcom has ruled out changes to British Telecom's wholesale charging structure, despite the telecoms giant's £9bn scheme deficit.

UK - Communications watchdog Ofcom has ruled out changes to British Telecom's wholesale charging structure, despite the telecoms giant's £9bn (US$13.9bn) scheme deficit.

GLOBAL - Regulators should promote countercyclical funding policies, like providing better tax ceilings for over-funded schemes, in order to support the continuation of defined benefit plans, the OECD said.

Regulators should promote countercyclical funding policies, like providing better tax ceilings for over-funded schemes, in order to support the continuation of defined benefit plans, the OECD said.

The Pensions Regulator suspended trustees from more than 100 defined contribution schemes in the past year, its annual report and accounts reveals.