Chancellor George Osborne's Autumn Statement mentioned that the Department for Work and Pensions will be consulting on a new statutory objective for the Pensions Regulator to consider the long-term affordability of deficit recovery plans, and whether to allow companies undergoing scheme valuations in 2013 or later to smooth asset and liability values.
Local authority pension funds will be able to double the amount they can invest in infrastructure projects from the beginning of next month, under plans confirmed by ministers yesterday.
Sales of annuities which offer variable levels of payout depending on how they are invested reached a record £1.42bn in the UK last year, Towers Watson revealed today.
