Pensions minister Steve Webb has urged the European Commission to scrap its Solvency II-style proposals for pensions after official figures estimated they would cost UK schemes £450bn.
UK defined benefit sponsors would have to pump €527bn (£448bn) into schemes to meet funding requirements proposed by the European Commission, says the European Insurance and Occupational Pensions Authority.
The government of Prime Minister Margaret Thatcher made several major changes to the UK pensions system. Professional Pensions takes a look at some of the milestones.
Private sector deficits increased last month for the first time this year after slower growth in equities, research from the Pension Protection Fund shows.
Trustees' focus on maintaining service level agreements for transfers is hampering efforts to detect and stop pensions liberation scams, administrators warn.
The West Midlands Pension Fund has launched an online portal for its members and employers which provides secure access to its Local Government Pension Scheme records.
The Metroline London Nothern Pension Scheme and Metroline Pension Scheme have appointed SEI to act as fiduciary manager.
The government has confirmed it will delay plans to force schemes to equalise GMPs while it consults further with the pensions industry on the method for conversion.
Half of 25-34 year olds plan to increase the amount they save into a pension this year, according to research from the National Association of Pension Funds.
The Pensions Regulator has added three new members to its determinations panel and confirmed Andrew Long is the chairman.