News

Saga director general Ros Altmann has said the maths behind the retail prices index is not wrong and the Office for National Statistics' proposal to change it is solely about the government reducing costs.

Consolidating pension pots through a pot follows member system is more cost effective for than alternative forms of accumulation, Department for Work and Pensions statistics show.

Employers expect increases in the typical retirement age to outpace the rise in the state pension age, according to research from the Association of Consulting Actuaries.

The Independent Parliamentary Standards Committee has proposed a career average revalued earnings scheme to replace MPs' defined benefit plan.

Financial Services Authority chairman Lord Turner hinted yesterday that the Bank of England should consider writing off some of the £375bn gilt holdings purchased under quantitative easing.

A new innovation centre has been opened in Liverpool with the aim to help civil service pension scheme members better understand their pensions.

The Public Service Pensions Bill will penalise members of the NHS scheme and "entrench disparities" within public sector schemes, the British Medical Association says.

More than half a million low-paid workers could lose out on thousands of pounds in employer pension contributions if the government increases the auto-enrolment earnings trigger, unions have claimed.

Barnett Waddingham has appointed Andy Leggett as head of business development for SIPPs.

Allianz Global Investors has restructured its pan-European senior management team, in an effort to streamline and develop business.