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Three-quarters of scheme managers believe Budget proposals to restrict higher-rate tax relief on pension contributions for people with incomes over £150,000 from April 2011 will have negative consequences for occupational schemes.

A lifetime annuity or trivial commutation is likely to be the most appropriate decumulation option for personal accounts members, PADA says.

The Equitable Members Action Group has been given leave to challenge the government in the High Court for failing to provide a proper compensation scheme for people who lost money in Equitable Life.

Workers over 50 fear their retirement incomes will be "decimated" by the recession and that they may be forced out of work due to their age, research by Help the Aged and Age Concern reveals.

UK businesses have a "severe competitive disadvantage" compared with those in Europe due to weaknesses in the private and state pensions system, an Aon Consultants report reveals.

Complaints to The Pensions Advisory Service have shot up 10% in the past year with many people suffering financial loss due to annuity transfer delays.

British Airways has told investors additional increases in its pension deficit could affect its ability to raise additional funds.

The Professional Pensions Investment Conference 2009 has had a strong response from pension funds and their advisers with several sessions now approaching capacity.

Work and pensions secretary James Purnell is the latest cabinet minister to be named in the on-going parliamentary expenses investigation by the Daily Telegraph .

Level annuities returns stabilised in May after several months of falling rates, Alexander Forbes Annuity Bureau says.