Torsten Bell

PP summarises yesterday’s key government pension announcements

Torsten Bell spells out ‘shared direction’ of reform and pledges to ‘complete the job’ started by Turner

Bill introduces series of measures covering DB, DC schemes and the LGPS

Move aims to double the number of £25bn+ megafunds, boost investment and improve returns for savers

Commitment goes beyond the 10% recently agreed as part of the Mansion House Accord

SPP survey finds 77% say they expect DB schemes to have a surplus of 5% or more

Brightwell survey finds most firms with large, closed DB schemes are ‘eager’ to put surpluses to use

DB surpluses, endgame solutions, TPR innovation service, PP Live

Torsten Bell says move to safely release part of scheme surpluses will be announced shortly

Government-backed master trust commits around £446m to infrastructure debt fund