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The government is asking "the entirely wrong questions" on defined contribution regulatory arbitrage, delegates heard.

UK - Final salary public sector pensions should be phased out in favour of cheaper career average schemes by 2015, Lord Hutton said.

The Independent Public Service Pensions Commission's 27 recommendations are as follows.

Final salary public sector pensions should be phased out in favour of cheaper career average schemes by 2015, Lord Hutton says.

Many employers are not prepared for auto-enrolment and remain dependant on paper-based processes to sign up new members, research shows.

The government must give companies the information they need and stop moving the goalposts on auto-enrolment, according to one of the UK's biggest employers.

Secretary of state for work and pensions Iain Duncan Smith set out the coalition's plans for radical state pension reform yesterday.

Some 17% of final salary pension schemes are now closed to new members and future accrual, National Association of Pension Funds research shows.

US pension funds have been sorely behind their UK counterparts in terms of addressing funding risk, but it looks like the flurry of activity from across the pond is starting to rub-off.

Public funds are facing crippling liabilities in the US, often thanks to inadequate funding by state governments. Chris Panteli discovers how bad the situation is