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Steve Webb has confirmed the government will bring forward the start date for the single-tier state pension to 2016, with a £5.5bn windfall for the Treasury from the early abolition of contracting out.

The vast majority of schemes now have a clear long-term objective, but unfortunately for most that destination is getting further away, says Aon Hewitt.

Royal London has agreed to buy the Co-operative Banking Group's life insurance and asset management businesses in a deal worth up to £219m.

International rules designed to bring transparency to the opaque derivatives market could backfire by imposing heavy costs on pension funds and force them to abandon hedging strategies, the industry's trade body warns.

The Chancellor's plans to bring forward the implementation of the single tier state pension from 2017 to 2016 will accelerate the decline of defined benefit schemes, experts warn.

Chancellor George Osborne is unlikely to give the green light to pension scheme smoothing in the Budget on Wednesday, after the industry and lobby groups rejected the proposals.

Wandsworth Council has criticised London Pension Fund Authority's proposals to merge the capital's local government pension scheme funds.

Pooling London's local government pension scheme assets under London Pension Fund Authority's investment strategy would erode funds' value by £1bn, Wandsworth Council says.

Pensions Buzz is a weekly survey of the pensions industry. Today respondents reveal what they want to see in next week's Budget.

Investors piling into European high yield debt are ignoring declining yields and weakening outlook, S&P Capital IQ warns.