Tom McPhail

Switching to consumer price index for pension inflation will improve defined benefit scheme funding levels by £83bn - but reduce the value of members' pensions, the government says.

Public sector pensions are "Madoff-style pyramids" which should switch wholly to a defined contribution framework to mirror the private sector, a radical report says.

A European Union ruling to equalise annuity rates for men and women could be finalised as soon as 1 March.

A third of employers say abolition of the default retirement age will prompt them to better promote their company pension scheme, Hargreaves Lansdown says.

A third of employers say abolition of the default retirement age will prompt them to better promote their company pension scheme, Hargreaves Lansdown says.

Employers will lose the right to force people to stop working at age 65 when the default retirement age is scrapped in April.

People with several small occupational pensions should be able to group them together for trivial commutation, Hargreaves Lansdown head of pensions research Tom McPhail says.

A TV advert for Aviva, in which the insurer claims it can provide 20% more income for annuity customers, has been banned by the Advertising Standards Authority.

Half of scheme managers believe the introduction of a ‘Citizen's Pension' would be a welcome move.

Individuals whose pension input period is tipped over from 5 April to 6 April next year could be caught unnecessarily by the reduction in annual allowance, a lawyer warns.