The Pension Protection Fund has recorded a £400m surplus, compared with a £1.2bn deficit the year before.

Chancellor George Osborne has said the government will carry out a full public consultation on the discount rate of valuing public sector pensions.

Retirement solutions should have the flexibility to provide both decent pensions and meet long-term care costs if necessary, the Association of Consulting Actuaries says.

Pensions experts are warning of a mass exit from contracted out DB schemes as the DWP consults on plans to abolish transfers to DC alternatives.

Senior industry figures are pleading for an early government announcement on pension tax relief restriction rules because "time is running out" for employers to implement changes.

The government is proposing to scrap the default retirement age of 65 by October next year, it today confirmed.

The Government will undertake an independent review of auto-enrolment, Secretary of state for work and pensions Iain Duncan Smith has announced.

A number of consumer groups have warned the DWP a "too broad" review of the 2012 reforms would compromise the "hard-won consensus" on auto-enrolment.

Nick Clegg has slammed "unreformed gold plated" public sector pensions after a report revealed taxpayer spending on the schemes will more than double by 2014/15.

Government proposals to scrap the default retirement age will damage businesses and lead to a surge in costly employment tribunals, the Confederation of British Industry warns.