News

Personal pension contribution has dropped by a sharp 10% since 2007, according to the Office for National Statistics.

A 12-week government consultation to save £900m from the LGPS will launch at the end of September even though plans on how to achieve the savings are still to be agreed.

Stadium Group has closed its defined benefit scheme to existing members in what it calls "an important step towards finally resolving the funding issues within the pension scheme".

GERMANY/US - German insurer Allianz has announced a restructure of its asset management business that gives subsidiary PIMCO, the world's largest bond manager, more freedom around distribution of its products.

Call to reverse pensions reforms; 430,000 workers pay £11bn too much National Insurance; Pension accounting has caused closure of perfectly viable schemes; Pensions gap widens between bosses and staff

Pensions minister Steve Webb has signalled that the government will revisit the issue of risk-sharing as part of its drive to reinvigorate occupational pensions.

Top bosses at FTSE100 firms have average pension pots worth nearly £4m each, with the top director this year amassing a £21.5m pot, according to a trade union study.

The National Employment Savings Trust will allow employers to make scheme contributions using a debit card, a payment method most other providers shy away from.

UK pension provision is being undermined by accounting standards currently used to calculate schemes' assets and liabilities, a report finds.

An employment tribunal ruling in favour of a gay couple fighting for pension rights could clear the way for a challenge in the European Court of Justice, a lawyer claims.