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The government could step in and lower the Pension Protection Fund levy to give schemes "breathing space", Mercer has said.

The National Association of Pension Funds has hit back at "completely absurd" claims it is watering down its code of conduct on charges.

Deficits for in UK schemes continue to climb according to research from Xafinity Corporate Solutions and JLT Pension Capital Strategies.

AEA Technology has suspended contributions to its defined benefit scheme as it seeks an emergency restructuring after being "overwhelmed" by its growing pension liability.

Taylor Wimpey has seen shortfalls in its two defined schemes grow by £65m over the last year despite making deficit recovery payments of £46m.

Employers must undertake financial education for their workforces before auto-enrolment kicks off, a behavioural finance expert argues.

The Church of England faces a backlash after its pensions board invested £60m with some of the world's largest hedge funds.

The consultation an impact assessment of a Europe-wide pensions regime is flawed and has been rushed through, says the National Association of Pension Funds.

Confidence in defined contribution pensions has fallen so low that the majority of workers would choose an inferior financial reward over a 10% boost to their employer contribution, says Hymans Robertson.

Only one in ten employers understands how to discharge their duties under auto-enrolment, Department for Work and Pensions research shows.