The percentage of private sector employers making some form of pension provision plummeted from 41% in 2007 to 28% last year, according to new research from the Department for Work and Pensions (DWP). The survey of more than 2,500 firms also revea  More...
23 September 2010 16:44

The UK has the largest "pensions gap" in the whole of Europe, standing at an estimated £318 billion annually, according to research released today. The study by insurer Aviva and professional services firm Deloitte, which looked at the pensions gap   More...
22 September 2010 10:54

Bosses of top UK companies have accrued pensions worth £3.8 million, a rise of 12% on last year, culminating in criticism that the difference between boardroom and shop-floor pensions are "unfair". In the survey published yesterday by the TUC the l  More...
10 September 2010 09:26

Multinational companies making changes to their defined-benefit (DB) pension schemes are cutting back on their contributions, according to new international research. One-third of respondents said they were looking to make changes to their schemes in  More...
02 September 2010 12:04

Many large employers may level down their contributions to employees' pensions once auto-enrolment begins in 2012, the Association of Consultuing Actuaries (ACA) warns. Auto-enrolment, the brain-child of the previous Labour Government  More...
31 August 2010 13:14

Employers have given government plans for automatic enrolment into a workplace pension scheme from 2012 a lukewarm reception. A government survey of 2,550 private sector employers found that about half supported the proposals, which will require   More...
25 August 2010 14:00

Numerous recent reports in the media have criticised pensions providers for being greedy, claiming that high charges are reducing the pension pots of hard-working Britons. Steve Herbert, head of benefits strategy at Je  More...
24 August 2010 14:59

Proposed changes to pension rules could result in a firesale of liabilities over the next 18 months as employers look to reduce costs by persuading members to leave their schemes. The Department for Work and Pensions (DWP) has outlined plans   More...
16 August 2010 11:00

Employers expecting a cash windfall following changes to the way workplace pension increases are calculated are likely to be disappointed, a top pensions expert has warned. Earlier in July, pensions minister Steve Webb announced plans to legislate so  More...
22 July 2010 08:00

The Pensions Regulator (TPR) has issued revised guidance on pension transfer incentives to make sure trustees are actively involved in managing the risk associated with them. The incentives, outlined in the guidance published for consultation,  More...
15 July 2010 08:37

Some five million people with private occupational pensions face losing up to 10% of their pension's value over its lifetime, analysts warned, as the government said it would switch the inflation index used to uprate them, the Financial Times has r  More...
09 July 2010 09:15

Public sector workers are unfairly coming under fire over their pension schemes, industry experts have warned. The warning follows a report by the Public Sector Pensions Commission, which found that public sector pensions cost twice as much as pre  More...
08 July 2010 12:16

Public sector pensions cost twice as much as previously thought and now require radical reform, a pensions commission has said. A report by the Public Sector Pensions Commission has found these pensions cost 40% of salaries, but combined employer   More...
07 July 2010 08:15

Unions have warned the BBC that a strike ballot over pay and pensions has become more likely after talks with management broke down. Earlier this week, the public broadcaster announced plans to overhaul its pension scheme, which has a £2bn deficit.   More...
01 July 2010 15:37

UK corporate pension deficits have ballooned to £100bn and are set to rise further over the next few years following the austerity measures in last month's Budget, a pension specialist has warned. The aggregate pension fund deficit shown in company   More...
01 July 2010 12:47

Women over 50 years old are least likely to be saving enough for retirement, as the overall number saving falls to its lowest for four years. The annual Scottish Widows Pension Report found just 48% of people are saving enough, the Telegraph h  More...
29 June 2010 08:52

The Unite union has called for an urgent meeting with Resolution to discuss how the investment firm's £2.75bn takeover of Axa Life will affect the insurance company's 2,200 staff. Resolution, which will merge Axa's UK life, pensions and annuit  More...
25 June 2010 09:38

An independent review into how the new auto-enrolment pensions system will work has been launched by the government and welcomed by business groups. Iain Duncan Smith, secretary of state for work and pensions, has today announced a team of three ind  More...
24 June 2010 13:42

There are many reasons to welcome the mood of fiscal probity that has permeated Whitehall, following the first report from Sir Alan Budd's Office for Budget Responsibility (OBR) last week. Closing the deficit will require determined action in tomorrow's  More...
21 June 2010 16:47

The new public sector pensions commission must take steps to improve transparency over the cost of pension provision and establish a clear framework for reform, the CBI has said. Over the weekend, chancellor George Osborne revealed a new independent  More...
21 June 2010 16:12