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Regulations setting out a scheme specific approach to calculating defined benefit pension transfers will not stop employers offering members ‘encouragements' to transfer out of the scheme.

Trustees should take independent advice before agreeing to any transaction which could lead to the abandonment of a defined benefit occupational scheme, warns the Pensions Regulator.

Larger pension schemes, particularly those with defined benefits, have better governance than smaller schemes with less access to trustee training.

Over 75% of employers are committed to providing a pension despite continuing high costs, particularly for final salary schemes.

The Pensions Regulator has published a discussion paper putting forward new proposals on the content of scheme reports and accounts to be included in the next Statement of Recommended Practice (SORP) for pensions.

The average worker could see a 60% drop in income when they retire if they are a member of a defined contribution (DC) scheme - giving them an income which is lower than employees on the minimum wage, says Fidelity International.

Almost half of all occupational pension scheme members spend more time reviewing their household bills, than their annual pensions statement, claims research from Watson Wyatt.

Deutsche Bank and Eton Park International LLP are leading a consortium of backers for Mark Wood's new company Paternoster Limited, after announcing an investment of £500m of equity financing.

As more pension funds move from a defined benefit (DB) to a defined contribution (DC) basis, millions of employees are unaware of the retirement funding risk, claims Alliance Trust Savings (ATS).

New research indicates there are now more open defined contribution schemes than defined benefit for the first time.