News

The rise in auto-enrolment (AE) contributions over the next 13 months will have a "severe impact" on the average worker's disposable income, according to independent analysis.

BT and the Communication Workers Union (CWU) are said to be close to a deal over the closure of the telecoms company's defined benefit (DB) scheme.

The government is "minded to assist" any collective defined contribution (CDC) proposal that may arise from Royal Mail and the Communication Workers Union (CWU), Guy Opperman has said.

The initial funding level test criterion for the new British Steel Pension Scheme (BSPS) have been "comfortably met", according to the trustee.

As of next month, The Pensions Ombudsman (TPO) will be moving to new government offices in the heart of London's Canary Wharf.

In this week's Pensions Buzz survey, we want to know whether members or employers should bear more of the cost if contributions are raised in the Universities Superannuation Scheme if it remains open to future accrual.

Prudential has sold £12bn in annuity assets to reinsurance business Rothesay Life as part of its M&G demerger announced today.

Prudential is to separate M&G Prudential from the insurance business to create two separately-listed companies.

Strike action is set to continue at universities across the country after the University and College Union (UCU) rejected a negotiated deal to reform the Universities Superannuation Scheme (USS).

The government is scaling back issuance of index-linked gilts as a result of concerns over the long-term inflation impact they have on public finances.