Prudential is to compensate a member of its own pension scheme after it processed his open market option (OMO) annuity purchase at the wrong time, reducing his total purchase sum.

The government's proposed reforms to public sector pension schemes will cut the average benefit for members by more than a third, analysis has found.

Labour has called for the Office of Fair Trading (OFT) to investigate pension fund charges as part of its campaign for transparency.

The National Employment Savings Trust (NEST) will implement a fully-automated process allowing self-employed people to join the scheme in January.

MoneySavingExpert founder Martin Lewis has called for the industry to scrap the word 'pensions', claiming its brand is tainted.

Consolidating pensions through a pot follows member system is more cost effective for than alternative forms of accumulation, Department for Work and Pensions statistics show.

MPs should lose their gold plated defined benefit (DB) pensions and see them replaced by a career average set up, the Independent Parliamentary Standards Committee (IPSC) has recommended.

Pensions minister Steve Webb has urged the industry to "take a chill pill" on the schedule for state pension reform.

Pensions minister Steve Webb has defended Deputy Prime Minister Nick Clegg's plans to let parents use their pension to guarantee their children's mortgages.

The Pensions Regulator (TPR) plans to fine pension providers who do not properly report auto-enrolment failures.