PCS

The government has published its final proposals for public sector pension reform, but several unions have already deemed the offer unacceptable.

Bulk annuity business was up fivefold in the second quarter of the year, but falling affordability pushed schemes towards buy-ins rather than buyouts, research shows.

Unions challenging the government's switch of inflation measures for up-rating public sector pensions in the High Court are arguing the move contravenes the Human Rights Acts.

Two pensioner groups will challenge the government in the High Court today over its decision to switch to the Consumer Prices Index for up-rating public sector pensions.

The Public and Commercial Services Union is to call another one-day strike in November as part of its fight against changes to public sector pensions.

Pensions de-risking business slumped by 78% in the first quarter of this year despite a high level of activity in the market, research shows.

Public sector unions are gearing up for a national strike on 30 June to protest against pension changes proposed by Lord Hutton.

The pensions deficit for the UK's largest companies remained stable in May, but major changes to accounting standards could increase shortfalls by £10bn, Aon Hewitt warns.

Department for Work and Pensions employees are set to ballot for strike action over changes to their pensions recommended in Lord Hutton's commission report.

Public sector unions have launched a legal challenge over the government's decision to adopt Consumer Prices Index inflation to uprate pensions - the second bid in as many months.