Switching to consumer price index for pension inflation will improve defined benefit scheme funding levels by £83bn - but reduce the value of members' pensions, the government says.
An impact assessment on plans to up rate pensions with CPI inflation by the Department for Work and Pensions said the reduction in liabilities would help firms pay out dividends or improve their credit...
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.