Concern that The Pension Regulator is ‘directing' rather than ‘guiding' through its guidance is increasing within the industry, participants say.

The budget change to the indexing of pensions from retail price index (RPI) to consumer prices index (CPI) slashes the average public sector pension by at least £650 a year, the Trades Union Congress says.

HM Revenue and Customs has decided investors aged 50 to 55 can transfer drawdown funds between providers while taking income without being subject to tax charges.

The long term effects of the economic downturn on pension savings are now manifesting two years since the start of the credit crunch, Scottish Widows says.

The use of covenant advisers has increased, becoming more streamlined, regular and of less concern to employers, Allen & Overy says.

European asset-backed securities offer pension funds attractive risk and return compared with corporate bonds, providing security and a significant yield increase over the longer term, industry experts say.

A more proactive approach towards protecting member benefits is needed, despite economic uncertainty stunting decision making, Zolfo Cooper says.

In the latest Pensions In-Depth interview, Emma Dunkley speaks to Schroders Retirement Benefits Scheme fund managers Andrew Connell and Johanna Kyrklund about the biggest challenges facing defined benefit pension schemes at present.

Scottish Widows Investment Partnership has launched a Strategic Bond Fund, investing in government bonds, investment grade, high-yield and cash markets.

The level of complaints received by The Pensions Advisory Service should be used as a key benchmark for data and administration standards, Independent Transition Management says.