UK - Pension arrangements for members of the armed forces are to be overhauled to bring them in line with the "modern world", the government says.
The measures, announced in the Queen’s Speech, will see the government extend death-in-service benefits to all unmarried partners, provided that the relationship is a “substantial arrangement”.
Additionally, pensions for members of the armed services remain non-contributory and linked to final salary.
Labour Party plans to renationalise core industries and require the largest listed companies to hand 10% of shares to employees would be a "double whammy" for pensions, business leaders have warned.
A handful of industry heavyweights have begun trialling a so-called 'mid-life MOT', with positive initial results reported by all those involved.
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".