Contracting-out for defined benefit (DB) pension schemes will be scrapped as part of the move to a single tier state pension.

The Treasury has confirmed Lord Hutton will publish his final report on public sector pension reform on Thursday 10 March.

Occupational pension scheme members have attacked the switch in indexing benefits to CPI inflation as a Treasury cost-saving exercise aimed at benefitting business over pensioners.

Final salary pension scheme members could see a 4% cut in benefits after the BoE used miscalculated inflation rates for more than a decade, experts say.

The National Employment Savings Trust has appointed State Street Global Advisors, UBS Global Asset Management and BlackRock to run five mandates for its default fund.

More than 160 expressions of interest have been made from asset managers hoping to manage NEST's first five investment funds.

The National Employment Savings Trust (NEST) has revealed the list of terminology it will use in its scheme information to make pensions simpler to understand.