Chancellor Rachel Reeves is considering cutting the lump sum savers can remove from their pension without having to pay tax, according to reports.

The aggregate surplus of DB pension schemes increased to £476bn at the end of September, according to the latest Pension Protection Fund (PPF) 7800 Index.

The Department for Work and Pensions has today launched a consultation on draft legislation needed to extend Collective Defined Contribution (CDC) pension schemes.

Auto enrolment should be extended and made more flexible while employers should offer short-term savings schemes to workers, according to a new report.

The first Collective Defined Contribution (CDC) pension scheme has been launched today, more than two years after the schemes were given the green light in the UK.