News

Denmark has eased the rules around the discount rate pension schemes use to calculate their liabilities, as schemes struggle with persistently low yields and ballooning deficits.

A majority of 60% of WPP shareholders voted against chief executive Sir Martin Sorrell's £6.8m pay package yesterday, in an embarrassing defeat for the advertising agency's outspoken boss.

The volume of bulk annuity business written in the first quarter of the year dropped by 85% compared to the final quarter of 2011, says Aon Hewitt.

Northerners to be hit by rise in state retirement age; The number of older workers past retirement age doubles in 20 years; Number of working pensioners up 85%; Working in retirement? You could boost your state pension by £3,000 a year

Her Majesty's Revenue and Customs has proposed to fine employers and pension schemes £100 each time they fail to update details in real time.

Focusing on simple messages will be a key part of ensuring the success of auto-enrolment, pension minister Steve Webb says.

Tax avoidance campaigners have been granted permission by the High Court to challenge a deal between HM Revenue Customs and investment bank Goldman Sachs.

The European Union has endorsed revised accounting standards for schemes which will cut UK firms' reported profits by £10bn and could trigger an increase in de-risking.

The code of conduct on enhanced transfer value exercises and pension increase exchanges has thrown into question the degree of responsibility trustees have in ensuring members are treated fairly.

The Daily Mail and General Trust pension scheme is setting up its first in-house de-risking group - the Triggered Asset Switch Committee - in a bid to make speedier investment decisions and improve its funding ratio.