The use of population-based indices in the longevity market has been called into question after figures revealed a growing life expectancy gap between socio-economic groups.
Total UK pension obligations hit £7.1trn at the end of 2010 - including unfunded defined benefit public sector obligations of £900m, national statistics show.
The Office for National Statistics has updated the basket of goods used to calculate CPI inflation - which sets increases to the state pension - to include iPads and teen fiction.
Here it is. A table showing how private sector membership in occupational pension schemes has fallen over the past 15 years.
Bleak figures reveal the gulf between public and private sector pensions continues to grow with 83% of government workers enrolled compared with just 33% of private sector employees.
Average retirement ages rose by almost one year between 2004 and 2010 according to the latest statistics published by the Office for National Statistics.
Trustees have been warned to keep a close eye on longevity assumptions as improvements to mortality rates resulted in 20,000 fewer deaths than expected last year in England and Wales.
Active membership of occupational schemes has fallen to its lowest level in almost 60 years, according to the Office for National Statistics.
Scheme liabilities could soar after the Office for National Statistics published updated longevity figures showing increases in life expectancy.
Narrowing Consumer Prices Index and Retail Prices Index inflation will save schemes switching to CPI just 60p a week for each scheme member, according to figures.