News

The Scottish government has reopened talks with unions over public sector pension reform despite Westminster's insistence that it has made its final offer.

The Department for Work and Pensions has published a consultation on proposed amendments to auto-enrolment legislation that will allow employers to use career average arrangements as qualifying schemes.

UK private sector scheme funding levels have fallen from 93% to 85% over the last year, leading to difficulties for firms with triennial valuations due, says JLT Pension Capital Strategies.

Ford Motor Company has offered retired members of its US defined benefit pension scheme lump sum payments in order to reduce its liabilities, according to reports.

The Pension Protection Fund is set to bring its compensation administration in-house and run its own customer service operation.

Responsible investment group FairPensions has launched a campaign to give the public a say on spiralling executive pay, amid growing anger on runaway bonuses.

Lord Hutton, the architect of public sector pension reforms, has been appointed chairman of a newly launched civil service pension administration firm.

An all party parliamentary to investigate the failure of the Visteon pension scheme, set up by MP Stephen Metcalfe, has achieved formal recognition.

Goldman's O'Neil aims for BoE; Cameron warns Euro crisis has just begun; Spain in double dip

Aviva has agreed to review pay deals for its new executives following shareholder discord over its remuneration report.