Retirement

As NEST looks to recruit fund managers for a range of mandates, the Financial Times' David Stevenson asks if they have got their asset allocation model right.

The Pension Protection Fund has recorded a £400m surplus, compared with a £1.2bn deficit the year before.

The Pensions Regulator has been given a budget to regulate NEST and auto-enrolment schemes, pensions minister Steve Webb confirmed today.

The controversial bill to raise the French state pension age from 60 to 62 will face a vote in the lower house of parliament today following approval in the senate yesterday.

The government looks set to implement a radical shake-up of the state pension system, with the abolition of means testing and the introduction of a universal state pension of £140 a week.

Several people connected with Tudor Capital Management, a pension scheme administration service provider, have been arrested on suspicion of fraud, cheating the public revenue and money laundering.

How the retirement market is shaping up

The raising of the state pension age (SPA) to 66 by 2020 will be harder for women than men, experts say.

The DWP will be provided with the funding necessary to introduce auto-enrolment from 2012 and establish NEST, the government confirmed today.

The coalition government will not cut any universal benefits for pensioners, the spending review revealed.