Joanne Segars

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.

Secretary of state for work and pensions Iain Duncan Smith set out the coalition's plans for radical state pension reform yesterday.

Some 17% of final salary pension schemes are now closed to new members and future accrual, National Association of Pension Funds research shows.

Proposals to allow early access to pensions will create a "bureaucratic nightmare" and should be shelved, industry groups say.

The Pensions Regulator has launched an education drive to highlight the importance of administration in enabling good outcomes from pensions saving.

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

Lord McFall explains why the savings crisis is as important as the economic crisis

The National Employment Savings Trust's efforts to simplify language used by pensions providers has been welcomed by the industry.