News

A small spike in gilt yields brought liabilities down by 3.6% in September and helped deficits improve by £51bn, according to the Pension Protection Fund 7800 Index.

The Pensions Regulator has reiterated its stance that most firms currently agreeing funding valuations will not need to significantly increase deficit recovery contributions.

Iain Duncan Smith has confirmed plans for a flat-rate state pension are still going ahead.

Multi-national corporations are changing their approach to executive remuneration as a result of the UK's "shareholder revolution", Mercer has said.

Over 30% of people aged over 60 are confused about annuities, research conducted by Age UK shows.

Legal & General Investment Management has announced Teresa Poy as its chief compliance officer.

The need to meet both auto-enrolment and transfer of undertakings requirements (TUPE) could see employees enrolled in pensions multiple times, an employment lawyer has warned.

HM Revenue and Customs is working on a paper solution to PAYE real time information in order to meet the needs of employers unable to use electronic communications.

Research from Hymans Robertson shows that IAS19 deficits rose from £67bn to £115bn for FTSE350 companies in the year up to July 2012.

Broadstone Corporate Benefits has supported the Rail, Maritime and Transport union's call to allow deferred members of pension schemes to stand as trustees.