The risks facing the insurance and pensions sectors in the European Union have remained fairly stable since the summer, with profitability and solvency showing relative resilience, the regulator said today.
The Pension Protection Fund has confirmed that the pension protection levy estimate for the next financial year will remain at £695m, as proposed in its September consultation
The Pensions Regulator today began consulting on its draft code of practice developed to help public sector pension schemes meet their statutory governance and administration requirements.
Urgent regulatory and government-led structural reform on annuity purchasing is needed to prevent millions of pensioners from losing out, the Financial Services Consumer Panel warned today.
The closure rate of defined benefit schemes eased slightly this year with 12% remaining open to new members in the private sector, the National Association of Pension Funds has said.
Chancellor George Osborne today confirmed that planned rises to the state pension age will be brought forward in a move estimated to save £500bn over the next 50 years.
Labour peers have called for future increases to the state pension age to be regionalised, with entitlement depending on the type of job a person had and where they live.
