News

Toys R Us may have to pay around £9m into its defined benefit (DB) scheme so its restructuring deal can be agreed by the Pension Protection Fund (PPF), according to reports.

Lloyds Banking Group has outsourced the administration, actuarial and documentation services it provides to its Scottish Widows and Clerical Medical final salary pension clients to JLT Benefit Solutions.

Greater flexibility in how retirement savings can be used is key to renew 'social contract' between generations, the Association of Consulting Actuaries (ACA) has said.

The Pension Protection Fund has confirmed its levy determination for 2018/19 - fixing the levy estimate at £550m.

The government released its auto-enrolment review report today. Here are the 10 key proposals in full…

The government has published its auto-enrolment (AE) review report - unveiling a range of plans to "maintain the momentum achieved so far".

The timeline for implementing DWP proposals under the 2017 automatic enrolment (AE) review is "shockingly lethargic", Royal London director of policy Steve Webb has said.

DWP analysis reveals that 12 million workers are currently under-saving but reveals majority of employees and employers are contributing at a higher rate than AE minimum.

The government says it plans to clarify legislation around consideration of broader long-term financial risks, and schemes' ability to consider members' non-financial or ethical concerns.

HM Revenue and Customs (HMRC) has published a relief at source update for Scottish Income Tax following last week's Scottish Budget.