News

MPs will not pay more into their gold-plated pension scheme this year, despite parallel reforms across the public sector to increase contributions.

Troubled clothing retailer Peacocks has seen its scheme deficit increase by 73% as the scheme undergoes assessment to enter the Pension Protection Fund.

Lloyds Banking Group has seen its defined benefit surpluses increase along with strong performance from corporate pension provider Scottish Widows, its final results show.

Hermes Equity Ownership Services has filed a shareholder proposal calling for proxy access to The Walt Disney Company's board.

Friends Life has launched its auto-enrolment offering for employers.

Readers give us their take on the Tobin tax, triple locking S2P, auto-enrolment awareness and government policy

Schemes should design auto-enrolment procedures with a longer term focus than the staging date, Tesco corporate pension manager Karen Wake says.

Small and medium sized employers may attempt to offload auto-enrolment set-up costs onto workers via consultancy charging if they are not properly scrutinised, the Pensions Regulator chief executive Bill Galvin says.

British Airways has seen its combined defined benefit deficit increase despite asset increases of over €2bn (£1.73bn), its final results show.

The Royal Bank of Scotland's defined benefit deficit has risen to £3.9bn over 2012 in a year which saw it fall as low as £1.7bn, its final results show.