Joanne Segars

Government has launched an urgent review of equity investments after business secretary Vince Cable warned short-termism was risking the financial security of pension scheme members.

Government is set to lay out its detailed response to Lord Hutton's reform proposals later today, with contribution hikes set to be limited to workers earning more than £15,000.

Vodafone has become the 100th employer to achieve the National Association of Pension Funds' Pension Quality Mark in recognition of the high standard of its scheme.

Half of UK workers expect to be worse off than their parents in retirement with a majority blaming increased life expectancy and reduced occupational pensions, a report claims.

The government must take "urgent" action to clarify public sector reforms and end the uncertainty engulfing its plans, the National Association of Pension Funds says.

The Pension Protection Fund will use scheme investment risk for the first time to calculate the levy from 2012/13, it announced today.

Defined benefit schemes will be given free reign to change their accrual rates to offset the costs of scrapping the contracting-out rebate, PP has learned.

A majority of scheme managers believe giving members early access to their pension funds would not encourage greater levels of saving over the long term.

The Organisation for Economic Co-operation and Development today recommends the UK government further increases the state pension age to combat rising costs.

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.