final salary

Head teachers may join in a day of strikes over reforms of their pensions on 30 November.

Trade unions meet today to discuss potential strikes at the NHS as they predict talks with the government over pension reform will collapse.

The average director of a FTSE 100 company has a final salary pension worth £3.6m and paying out £174,963 per year, the High Pay Commission said.

MPs pensions will be subject to the same reforms as the wider public sector and a new scheme will be launched in 2015, the leader of the Commons said.

Some high net worth (HNW) individuals are failing to claim their 40-50% pensions tax relief because they do not know they must claim it themselves.

The prime minister will today wade into the debate over public sector pension reform, urging unions to call off strikes planned for Thursday.

Public sector workers' resistance to pension reforms stems from a misunderstanding about how the changes will affect them, Hymans Robertson research claims.

Public sector unions are gearing up for a national strike on 30 June to protest against pension changes proposed by Lord Hutton.

The Commons Public Accounts Committee has questioned the validity of Treasury cost projections for public sector scheme changes, saying it did not fully test the impact of its assumptions.

Tax rules covering employer asset-backed contributions to final salary pension schemes are the latest to come under the taxman's scrutiny with a consultation launched this week.