News

British Telecom will use a combination of its existing Standard Life defined contribution scheme and the National Employment Savings Trust for auto-enrolment.

The government's proposed reforms to public sector pension schemes will cut the average benefit for members by more than a third, the Pensions Policy Institute says.

A fifth of people approaching retirement will suffer large income falls and should expect to have to rely on savings and inheritances when they stop working, a report has found.

Pension Insurance Corporation has restructured its board to include the director of £400m investor Reinet, while founder Edmund Truell will leave the firm.

University of Sussex Pension and Assurance Scheme has chosen STC Pension Management as its third party administrator.

Employers considering moving fully to defined contribution should consider the benefits of defined ambition according to Eversheds pensions partner François Barker.

Partnership his appointed David Richardson as its chief financial officer as part of a board reshuffle.

Top facts and figures from the Pension Protection fund report and accounts.

The Pension Protection Fund has seen its surplus rise to more than £1bn after achieving investment returns in excess of 25% in the year to March 2012.

The gap between the amount men and women are saving for retirement could grow to a ‘record high' of almost £30,000, according to Scottish Widows.