Pensions Regulator to take steps to lower risk on defined-benefit and defined-contribution schemes

The Pensions Regulator plans to reduce risk around pensions to take some pressure off employers and trustees.

Employer and employee confidence in pensions is rising - slowly

Confidence in pension schemes is slowly but surely improving, according to the National Association of Pension Funds (NAPF).

Aon cuts standard contribution rate to its employees' pension scheme

Aon Consulting has lowered its standard pension contributions by as much as 50% for some staff to lower costs and achieve greater efficiencies.

Three pension providers stop paying commission to corporate advisers' for group personal pensions sales

Pension providers AXA, Friends Provident and Prudential have announced they will no longer pay commissions to advisers for selling their group personal pension (GPP) products.

RBS former boss Sir Fred Goodwin may return some of his pension after all

Ex-head of Royal Bank of Scotland (RBS) Sir Fred Goodwin is reported to be considering voluntarily reducing his 703,000 pension.

Budget 2009 Predictions: Pension savers and high earners could be targeted in tax rate increases

High earners and pension scheme members could suffer because of the Budget, due to be announced at the end of the month.

Quantitative easing leads to record pension defecit recordings

UK companies recorded an aggregate pension deficit of 36 billion yesterday - marking a drop of 46 billion from the 10 billion pension surplus at the end of March 2009.

Pension scheme trustees lack understanding of effects of the recession on their fund

Half of UK pension scheme trustees do not know how the recession is impacting their funding position, although 60% get regular updates from their actuarial organisation.

Lack of employee confidence in final-salary pensions shows their misunderstanding

Less than half (43%) of employees think their pension is safe and a quarter do not have a positive or negative view - implying they do not fully understand the financial implications, according to JLT...

Firms' 90 day allowance to auto-enrol staff in pensions schemes comes with conditions

The Government has announced employers will be allowed 90 days before they auto-enrol staff into private pension schemes after 2012.

Value of DC pensions drop by 42 million in a month

Britain's defined-contribution (DC) pension assets plunged by 42 billion in February, losing 10% of their value.

Department of Work and Pensions is paying millions of pounds to dead people

The Department for Work and Pensions (DWP) last year paid 73 million in benefits to dead people - mostly in pension payments.

Pensions