News

The state pension reforms announced yesterday have been widely welcomed as a much-needed simplification, but where there are winners, there must be losers.

Controlling funding status volatility has topped trustees' wish lists for 2013, according to an SEI poll.

The introduction of a flat-rate £144 per week state pension will reduce pay-outs for the vast majority of the population in the long run, according to a respected think tank.

The National Employment Savings Trust has invited tenders for products to achieve exposure to UK direct and global listed real estate.

The Department for Work and Pensions is under pressure to speed up plans for a ‘defined ambition' middle-ground, as experts predict the end of contracting out could spark a wave of defined benefit closures.

The Financial Services Authority director has said the relationship between it and The Pensions Regulator needs more work due to the differences between the organisations.

Actuaries claim public sector workers will gain from the abolition of contracting out but unions contend it could derail public sector scheme reform.

The overhaul of the state pension system announced today will save the government money in the long term according to Department for Work and Pensions projections.

The single-tier pension will bring an end to state second pension and contracting out, the Department for Work and Pensions has confirmed.

Employers will have temporary powers to change scheme rules without trustee consent, in a bid to protect defined benefit schemes from the cost of abolishing contracting out.