Government Actuary's Department

Accrual rates for Lord Hutton's new public sector schemes could reach 1/80th, with a ‘cost-ceiling' formula across all schemes set to dictate the rate used for specific funds.

Pensioners in capped drawdown face significant drops in retirement income because of falling gilt yields affecting the amount that can be drawn from a fund, Rowanmoor Pensions claims.

Government has compounded the misery for final salary schemes by reducing the contracted-out rebate level, industry figures say.

The Government Actuary's Department has appointed Ortec Finance to provide software for its investment and risk team.

MPs are set to lose their gold-plated pensions in favour of a career average revalued earnings scheme after an independent report from the Senior Salaries Review Board.

UK - The shape of changes to the pension taxation system should be confirmed by the end of September, a Treasury consultation paper says.

The Treasury has failed to plan for changes in the size of the public sector when calculating pension costs, a National Audit Office report claims.