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News

EU 'should consider abandoning pension rules overhaul'The European Commission has been urged to consider abandoning its plans to overhaul European pension rules after a report published this week showed the 'potentially huge' impact of the planned changes. 12 April 2013
One in four UK adults 'has lost track of a pension pot'Almost one quarter of UK adults has lost track of at least one of their pension schemes, according to research published today by Age UK. 11 April 2013
Annuity rates up 3% in first quarter of 2013Annuity rates increased by 3% in the first three months of the year, the first quarterly increase in the purchasing power of a pension pot in two years, MGM Advantage said yesterday. 10 April 2013
Pension schemes 'face tough choices when agreeing new funding plans'Sponsors and trustees of pension schemes agreeing new funding plans face having to either dramatically increase their contributions or leave their scheme in deficit for longer, Towers Watson said today. 10 April 2013
EU pension rule changes 'could push up UK deficits to £450bn'UK companies could see their defined benefit pension scheme deficits soar by £150bn to a total of £450bn under proposed changes to European Union pensions legislation, the European Insurance and Occupational Pensions Authority has revealed. 09 April 2013
Global reinsurer capital hits record $505bn in 2012The amount of capital held by reinsurers worldwide increased to a record $505bn last year as reinsurance companies more than recovered from the losses seen in 2011, Aon Benfield said today. 09 April 2013
Social news round up, April 2013Monte Carlo / Grocers' Hall event / Actuarial maths workshop / SIAS members get quizzical / SCOR / WCA golf day / Charity campaign reminder 08 April 2013
Younger workers 'most likely' to be planning pension increaseOver half of workers aged between 25-34 are planning to increase the amount they save towards their retirement in the next year, according to figures published today by the National Association of Pension Funds. 08 April 2013
Europe's severe winter weather in March 'cost €1.8bn'Winter weather last month affected much of Europe, causing economic losses worth an estimated €1.8bn, Impact Forecasting said yesterday. 05 April 2013
MPs call for fresh look at state pension shake-upThe government should provide an updated assessment of the costs of creating a single-tier state pension after bringing forward the date for the change by a year, MPs said today. 04 April 2013

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FEATURE

Steve Webb: the pensions revolutionaryNick Mann meets Steve Webb, the government minister charged with managing massive changes in workplace and state pension provision