department for work and pensions

The Pensions Institute argues RAA processes should be streamlined and trustees should be able to reduce benefits in a bid to help those struggling with deficits, James Phillips reports.

The hung parliament means planned measures to mitigate scams will be kicked down the road, the industry has told PP.

Guy Opperman has been named as parliamentary under-secretary for pensions and financial inclusion following the post-election reshuffle.

Around three quarters of eligible private sector employees saved into a workplace pension in at least three of the last four years, data from the Department for Work and Pensions (DWP) has shown.

According to the DWP

Richard Harrington has been reshuffled into the Department of Business, Energy and Industrial Strategy (BEIS) following last week's general election.

David Gauke has been appointed work and pensions minister in Theresa May's first reshuffle since the general election which lost the Conservative Party's majority.

Hoover has become the latest firm to cut its defined benefit (DB) pension scheme adrift after The Pensions Regulator (TPR) and Pension Protection Fund (PPF) approved the plan.

As TPR seeks to intervene more often in DB schemes, Anne-Marie Winton looks at how sponsors can avoid getting a red card

This week's top stories included analysis suggesting the British Steel Pension Scheme could have a £2bn surplus, while the Treasury removed its controversial MPAA cut from the Finance Bill.