On the go: The aggregate surplus of the 5,215 defined benefit schemes in the Pension Protection Fund 7800 Index increased by £47.9bn in December.

Government-backed master trust Nest has decided to close its Pre-retirement Fund following a review, since the fund was no longer appropriate due to the flexibility introduced by pension freedoms and the confusion its name caused among members.

On the go: Almost three-quarters of trustees are not confident the new transfer rules will reduce pension scams in the long term, according to research.

On the go: The trustees of the BT, Ford and Marks and Spencer pension schemes announced on Wednesday that their application for a judicial review of the decision to replace the retail price index with the consumer price index including housing costs from 2030 has been granted.

On the go: Workplace pension contributions grew by more than 15 per cent in the second quarter of 2021, when compared with the previous year, due to contribution levels recovering after the pandemic, according to the Office for National Statistics.

On the go: The aggregate surplus of the 5,215 defined benefit schemes in the Pension Protection Fund 7800 Index fell by £33.1bn in November.

The minister for pensions and financial inclusion has written to 44 asset managers urging them to comply with recent stewardship recommendations, which would allow schemes to have a more active voice in these matters.

On the go: The Financial Conduct Authority will be monitoring pension transfer requests from the Old British Steel Pension Scheme, as the scheme has exited its assessment period at the Pension Protection Fund.

On the go: The research arm of the government-backed master trust Nest has launched an ‘opt-out’ payroll savings approach that aims to help employees build up an emergency fund.

On the go: A large majority of pension lawyers believe that superfund transfers will become a strong consideration for defined benefit schemes with weak sponsors, as an alternative to the Pension Protection Fund or bulk annuity transactions, research has shown.