Saga director general Ros Altmann has said the maths behind the retail prices index is not wrong and the Office for National Statistics' proposal to change it is solely about the government reducing costs.
Moves from institutional investors out of UK gilts and corporate securities and into short-term investments and overseas securities slowed in the second quarter of the year.
The number of active members in occupational schemes in the UK continues to slide according to figures from the Office for National Statistics.
The Office for National Statistics will consult on changes to the Retail Prices Index (RPI) formula, which could wipe millions of pounds off scheme liabilities.
Trustees should be prepared for life expectancy of members to continue to increase rapidly despite data from the Office of National Statistics suggesting a possible slowdown, says Mercer.
The UK economy shrank by 0.7% in the second quarter of the year, a far worse contraction than economists had forecast, keeping the UK mired in recession.
Pensioners are as satisfied with their lives as teenagers aged between 16 and 19, Office for National Statistics reveals.
Less than half of all full-time workers are now saving into a workplace pension, according to the Office for National Statistics.
Economists say the sharp drop in inflation announced today could justify a further round of quantitative easing by the Bank of England.
Institutional investors are selling gilts at the fastest rate in more than a decade according to Office for National Statistics figures.