The government is set to index private sector pension increases to the Consumer Price Index in a move that could cut £100bn from scheme liabilities.

UK/CANADA - The UK's Pensions Regulator has issued a Financial Support Direction against companies in the Canada-based Nortel grou,p requiring them to provide support for the UK scheme, which had a £2.1bn (US$3.1bn) shortfall on a buyout basis.

European Commission proposals for an adjusted version of Solvency II standards for pension schemes could cost Britain £500bn if they are implemented, the Confederation for British Industry warns.

UK - European Commission proposals for an adjusted version of Solvency II standards for pension schemes could cost Britain £500bn if they are implemented, the Confederation for British Industry has warned.

The Pensions Regulator has issued a Financial Support Direction against companies in the Nortel group requiring them to provide support for the UK scheme, which had a £2.1bn shortfall on a buyout basis.

The Universities Superannuation Scheme is set to switch to a Career Average Revalued Earnings (CARE) structure following a meeting of the Joint Negotiating Committee yesterday.

Bridge Trustees is considering taking a test GMP equalisation case to the European Court of Justice to clarify how the issue should be tackled, PP has learned.

Tesco has announced a £950m sale and leaseback property transaction with its pension fund trustees.

The Public Sector Pensions Commission's recommendations for sustainable future provision have been met with a mixed response from the industry.

The European Commission has launched a Green Paper reopening the issue of solvency standards in pension schemes.