pensions

The total deficit of defined benefit (DB) pension schemes listed on the Pension Protection Fund's 7800 Index fell by nearly £10bn in May, up from £55.5bn in April to £45.7bn.

Otto Thoresen's pilots for his new Money Guidance Service could be ideal as a testing ground for generic advice for the annuity open market option (OMO), according to pensions expert Dr Ros Altmann.

Scottish Widows could be hit with a compensation claim which could cost it up to £1bn, following accusations it gave negligent advice to around a hundred final salary pension schemes.

Pension Insurance Corporation has launched a new insurance product to protect defined benefit pension funds and their sponsors against the cost of pensioners living longer than expected.

Around 85% of single life level annuity customers receive a rate that is at least 95% of the highest rate available, according to new research from the ABI.

Aegon aims to highlight the opportunities for advisers in the "changing pensions landscape" at a series of roadshows.

Norwich Union was forced to suspend 380,000 personal pension transfers two weeks ago, with 15% of these policies still suspended, following problems migrating to a new computer system.

Employees are yet to benefit two years on from A-Day because many employers are unaware of opportunities created by significant tax changes in the Finance Act.

LV= has launched an Enhanced With-Profit Pension Annuity offering more investment choice and higher levels of income in retirement.

Nearly a third of IFAs expect clients to be saving less into their pensions with an average reduction of around 21%, new research from MetLife Europe reveals.