News

The transfer and sale of assets from the Royal Mail Pension Plan to HM Treasury has reduced the deficit by £28bn, the Chancellor has revealed.

The Office for Budget Responsibility has downgraded its outlook for the UK economy.

The Department for Work and Pensions will launch a consultation into smoothing the discount rates used to calculate scheme liabilities, in a move that could knock billions off deficits.

As the chancellor prepares to deliver his third Autumn Statement, PP delivers the top predictions.

The Chancellor will use his Autumn Statement to launch a review into the discount rate The Pensions Regulator uses to calculate the size of deficits.

The Pensions Regulator has forbidden auto-enrolment into small defined contribution and high-charging legacy schemes.

The National Association of Pension Funds and the Confederation of British Industry are "very much hoping" George Osborne will announce a consultation on discount rates in the Autumn Statement tomorrow.

Pensions minister Steve Webb has strongly hinted there will be action on tax relief in the Autumn Statement tomorrow.

The third annual Kim Gubler Consulting Actuarial Fee Survey has shown larger schemes are benefiting significantly from economies of scale.

Removal firm Pickfords has shifted its defined benefit scheme off its balance sheet via a management buyout following a prepack administration which took place at the end of November.