UK - The Trades Union Congress has launched an online pensions calculator to show people how much they need to save to guarantee a decent retirement income.
The move is a bid to show 13 million employees without occupational pensions how much they are losing by not having a company pension.
The calculator is on the TUC’s working life website www.worksmart.org.uk.
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.
The lifetime allowance will rise to £1,054,800 from April next year as the Office for National Statistics (ONS) recorded inflation at 2.4% in the year to September.
The national procurement frameworks for the Local Government Pension Scheme (LGPS) has been expanded to include member data services.
The government is seeking ways to ensure "parity" of compensation treatment between Financial Assistance Scheme (FAS) members from solvent and insolvent schemes.