defined benefit

Her Majesty's Revenue and Customs (HMRC) must clarify the rules around how the annual allowance charge can be paid from pension funds, an expert has said.

The Association of Consulting Actuaries (ACA) has called on the government to take steps to reinvigorate private sector pension provision after noting a "seismic collapse" in UK schemes.

The Financial Services Authority (FSA) has proposed rules to bring the protection of policyholders with unit-linked and index-linked life insurance products in line with new European legislation.

The government is set to take action over companies offering cash incentives to leave defined benefit (DB) pension schemes.

The narrowing gap between CPI and RPI inflation means pensions schemes will save just 60p a week for each scheme member by switching to CPI, KPMG says.

Truestone Asset Management has launched a new employee benefits consultancy (EBC) business.

Consultants advising employer pension scheme trustees are charging too much for their services, a consultant says.

Public sector workers employed in higher education should be allowed to enrol into the National Employment Savings Trust NEST), universities and colleges say.

Pensions minister Steve Webb has said the government will revisit the issue of risk-sharing as part of its drive to reinvigorate occupational pensions.

Britain's final salary pension funds have lost about £250bn of value as the eurozone debt crisis has mounted, according to the head of the Pension Corporation.