UK/EUROPE - The sovereignty of UK defined benefit provision is under threat following proposals from the EU Commission to shift legislative power to a European body, an internal Confederation of British Industry document revealed.

The Pensions Regulator's reluctance to enforce funding agreements between employers and trustees has led to a potentially damaging loss of authority, a lawyer warns.

The sovereignty of UK defined benefit provision is under threat following proposals from the EU Commission to shift legislative power to a European body, an internal Confederation of British Industry document reveals.

Towers Watson investment head says UK pension landscape is ‘littered' with small inefficient schemes

Schemes could take advantage of a "quirk" in government bond markets to fund a longevity swap deal this summer, a consultant says.

Government proposals to allow people access to their pension pots early risk damaging long-term saving, Mercer warns.

Independent trustee company BESTrustees has announced new roles for two directors as part of a board reshuffle.

Nationalised bank Northern Rock has confirmed it will close its final salary scheme to future accruals as part of a cost-cutting exercise.

UK - Nationalised bank Northern Rock has confirmed it will close its final salary scheme to future accruals as part of a cost-cutting exercise.

The cost of implementing the new high earners' pension tax regime will spiral to £2.5bn - a figure seven times that originally estimated by the Treasury, Standard Life warns.