News

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.

The UK economy contracted by 0.2% in the first quarter of the year, meaning it has slipped back into technical recession, preliminary estimates from the Office for National Statistics show.

Tony Morris was a "deeply involved central figure" in the alleged £52m GP Noble pension scheme fraud and instigated the illegal transfer of funds, a court has heard.

Sky high gilt prices at the start of 2012 have increased the attractiveness of bulk annuities for schemes holding gilts, a survey says.

State Street Global Advisors has launched ten leveraged gilt funds aimed at small to medium-size pension schemes.