PUBLIC sector pension liabilities have increased by £50bn in the last year, latest government figures reveal. The combined liabilities of six of the seven biggest public sector schemes - including civil servants, teachers and judges - rose from £276.6bn to £327.3bn - the government's 2005-06 resource accounts showed.
The accounts for the civil service pension scheme reveal liabilities rose 20pc to £100.9bn while the Teachers’ Pension Scheme liabilities increased 19pc to £143bn. Watson Wyatt senior consultant Stephen...
New regulatory rules which require providers and advisers to produce annuity illustrations will not solve the problem of consumer detriment as they are "fundamentally" flawed, according to Retirement Advantage.
Paul Budgen is set to join financial technology and auto-enrolment (AE) firm Smart Pension as director of business development.
This week's edition of Professional Pensions is out now
Collective defined contribution (CDC) schemes will need clear and transparent governance frameworks, as well as effective communication strategies, to be a success, the Work and Pensions Committee (WPC) has been told.