Danish pension fund and administration provider ATP has pulled out of the running for the personal accounts administration contract, PADA has confirmed.

The Conservatives have pledged to reverse the multi-billon pound pension "tax raid" introduced in 1997 by then chancellor Gordon Brown.

Tim Jones has hit back at industry fears about the potentially "unfettered power" of the personal accounts trustee board.

The aggregate funding position of the 7,400 defined benefit pension funds monitored by the Pension Protection Fund worsened to a deficit of £173.2bn in August.

People with no retirement savings could be forced to work until they are 86 if they want to achieve two-thirds of their final salary, Standard Life says.

Employers should do more to help their staff effectively plan for retirement, Scottish Widows says.

The Court of Appeal has overturned a tribunal decision that gave an unfair dismissal victim compensation for the loss of her defined benefit pension.

Royal Bank of Scotland is to cap future increases in pensionable pay to 2% a year or the rate of inflation, which ever is lower.

Balanced pooled funds strengthened in July with a median return of 6.2%, figures from BNY Mellon Asset Servicing show.

Former Downing Street pensions' adviser Ros Altmann has lashed out at the Government's commitment to bankers' pensions.