News

Strain on local government pensions is speeding up their maturity faster than previously thought, a leading consultant says.

Michael Bow reports from the Public Sector Pensions conference, held in London last week.

A European Parliament committee has voted to exclude pension funds from the Europe-wide financial transaction tax.

Millions of pounds taken from nine defrauded pension schemes were transferred to two shell companies before being disseminated to a multitude of "risky" investments, a court heard yesterday.

Lawyer loses retirement age appeal; BAA suffers from pension charges; Over 50s will be forced to work 11 years longer to get a decent pension; Pension fund boss Tony Morris 'stole £52m to invest in Thai resorts'

The BAA Airports Limited defined benefit pension scheme has seen its funding position worsen by more than £140m in the first three months of the year.

Employers could have powers to forcibly retire employees at 65, the Supreme Court has ruled, throwing into doubt the abolition of the default retirement age.

The Pensions Regulator and Department for Work and Pensions are launching a website to guide employers' communication to staff throughout the auto-enrolment process.

Poorer than expected asset returns, a falling discount rate and increasing longevity assumptions have almost doubled the Johnston Press Pension Plan deficit in 2011.

Standard Life has increased the number of members of its schemes to 1.16m over Q1, up from 1.09m in the first quarter of 2011.