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SCHEMES could get cut-price buyout deals as private equity-backed new players rush to build up "critical mass" ahead of a flotation, Watson Wyatt believes.

Scheme members will lose out if the government's proposed personal accounts replace rather than complement existing provision, a new report claims.

The Pension Protection Fund has been criticised over new plans that do not include investment strategy as a separate factor in the risk-based levy.

THE GOVERNMENT has rejected industry calls for "branded providers" to run personal accounts.

OVER a quarter of UK firms believe that their pension scheme represents a "serious risk" to their business, research by Mercer Human Resource Consulting shows.

Schemes will face fines if trustees do not co-operate fully with the Financial Assistance Scheme, pensions reform minister James Purnell warns.

A consultation paper on simplifying lifetime allowance rules has been launched by HM Revenue & Customs.

Ministers are refusing to answer whether they will seek "unlimited costs" from scheme wind-up members in a forthcoming court battle, lawyers claim.

THE GOVERNMENT has ruled out changing the age-75 rule or placing a cash limit on the amount which individuals are required to annuitise.

JUST over 20pc of employers feel they can afford the buyout cost of providing deferred annuities to all members, research shows.