The Office for Budget Responsibility has revised up its forecast for UK economic growth for 2012 but has cut it for 2013, and said the economy will escape recession.
It predicts the economy will expand by 0.8%, an increase from the previous forecast of 0.7%, and in line with the private sector consensus. However, the figure is still well below the Bank of England's...
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.