HM Revenue and Customs (HMRC) has confirmed the legal and tax frameworks for tax transparent funds (TTFs) will be implemented this summer, after suffering delays.
Defined benefit (DB) scheme closures and increasing bulk annuity exercises are driving an increase in schemes outsourcing their administration, research from Aon Hewitt shows.
Pensions minister Steve Webb has said he envisages automatic transfers being used in defined benefit (DB) schemes to counter the issue of deferred members.
The Communication Workers Union (CWU) has threatened a national strike after it "firmly rejected" the proposals from the Royal Mail to make changes to its pension plan.
Companies with defined benefit (DB) schemes restating 2012 accounting figures to reflect IAS19R will show a reduction in pre-tax profits by around £5bn, Towers Watson warns.
The rise in the yield on government debt has cut private sector deficits by over a quarter, research from the Pension Protection Fund (PPF) finds.
Heineken UK has appointed Capita Employee Benefits (CEB) on a five-year contract to provide administration services to the Scottish & Newcastle Pension Plan (SNPP).
Almost all FTSE100 firms increased the discount rate for IAS19 liabilities due to the yield on AA corporate bonds, research from Barnett Waddingham finds.
The cost of fraudulent claims for public sector pension benefits has increased by £4m to £20m per year since 2012, the National Fraud Authority's (NFA) latest report shows.
An unusual increase in the yield of corporate bonds has seen FTSE350 defined benefit (DB) deficits fall in May, research from Mercer shows.