HM Treasury

A government committee has trashed the use of corporate bond yields to calculate public sector pension liabilities due to the "continuing instability" of annual discount rates.

Public sector pension reforms will have "little or no long-term saving for taxpayers" because improved accrual rates cancel out retirement age hikes, an independent study says.

HM Treasury has launched a consultation on its intention to authorise tax-transparent collective investment schemes, which could cut the withholding tax paid by UK schemes.

The National Association of Pension Funds (NAPF) has denied rumours its deal with the Treasury to encourage £20bn of pension fund investment in infrastructure projects has been called off.

One of the UK's largest unions, Unite, has pulled out of Local Government Pension Scheme talks, risking a split between unions over proposed reforms.

Jack Jones investigates asset-backed contributions

The government will save more than £2.5bn through a clampdown on "complex asset- backed funding structures" that allow firms to over-claim tax relief, says George Osborne.

The Treasury must create instruments focussed specifically on the needs of pension schemes if it is to persuade them to invest up to £50bn in infrastructure, argue industry figures.

More than half of Local Government Pension Scheme members, nearly two million people, will opt-out if government increases employee contributions, union research says.

Business leaders have criticised ministers for allowing union leaders to "hold a gun to the government's head" over public sector pension changes.