NAPF

Solvency II-style capital requirements for UK pensions schemes will be put in place by the European Commission before the end of the decade, industry sources said.

Private sector employers are closing down their final salary schemes at a record rate, according to a new report by the National Association of Pension Funds (NAPF).

The Treasury has confirmed Lord Hutton will publish his final report on public sector pension reform on Thursday 10 March.

Allowing access to pension pots before age 55 will worsen the savings crisis and increase bureaucracy, the National Association of Pension Funds (NAPF) says.

An EU-wide plan to improve the sustainability and equality of pension schemes has been given the green light.

Pension funds, life offices and equity managers have welcomed BP's reinstatement of dividends after a nine month drought, despite payouts being half pre-spill levels.

Former TSC chairman Lord McFall will direct an independent inquiry into the failings of the current private pension system, as new figures show there has been the equivalent of one piece of fresh pension legislation every week since 1995.

Public sector pensions must be moved from final salary to career average arrangements to become sustainable, the National Association of Pension Funds (NAPF) says.

Jon Cruddas, Labour MP for Rainham and Dagenham, has called on pensions minister Steve Webb to encourage transparency from pension fund managers.

An industry-wide consultation on the RPI to CPI switch for pension schemes will be published tomorrow, Steve Webb says.