Hymans Robertson

More than one-third of active defined benefit scheme members could see their benefits reduced if a £155 flat-rate state pension is introduced in 2015.

NEST laid out its default investment strategy last week and it can fairly be described as cautious.

The government has hinted at cutting employer tax relief on asset-backed contributions to defined benefit pension schemes.

UK - The pension scheme risk transfer market is set to grow a further £20bn ($32bn) over the next 18 months, Hymans Robertson figures predict.

The pension scheme risk transfer market is set to grow a further £20bn over the next 18 months, Hymans Robertson figures predict.

Hutton recommendations will not necessarily reduce the level of income in retirement for the majority of members, actuaries say.

The Hutton Report has been welcomed by the industry, which claims it could increase pensions for the low paid, but left unions warning of industrial action.

Using UK economic growth as a barometer for public sector pension payments is "absolute nonsense" which will continue to underestimate costs, John Ralfe says.

The industry has largely welcomed The Pensions Regulator's discussion paper on delivering good outcomes for defined contribution savers, but stressed that good governance must be a main focus rather than just a consideration.

Greater Manchester Pension Fund will increase employer contributions by 1.4 percentage points after its funding level dropped from 100% to 96.4% following its triennial valuation.