While a court’s decision to block a £12bn annuity back-book deal between Prudential and Rothesay Life has profound implications for the insurance industry, experts say defined benefit trustees should be safe as long as they do their homework on bulk annuity providers.

On the go: UK savers need to save at least £800 a month to achieve the moderate living standard outlined by the Pensions and Lifetime Savings Association, research by the Institute and Faculty of Actuaries has found.

The government is recouping £2.7m in overpayments to civil service pensioners, but experts warn issues with administration, data and technology continue to impact members and businesses across the industry.

The London Borough of Barnet Superannuation Fund has introduced a range of new internal controls to improve its administration in response to sustained criticism of its service levels and intervention by the Pensions Regulator.

On the go: A new code from the Financial Reporting Council dictates how asset managers and pension funds should engage with companies for better environmental and social outcomes, including on climate change.

On the go: Demand for real assets is growing, but investors say difficulty finding suitable opportunities is the biggest challenge facing funds on the hunt for illiquidity premium.

Data Crunch: The UK is now the fourteenth-best pension system in the world scoring a C+, according to the 2019 Melbourne Mercer Global Pension Index, but low adequacy and sustainability scores suggest there is still a long way to go to improve retirement outcomes for members. 

On the go: Guy Opperman has called on pension schemes to take immediate action to equalise guaranteed minimum pension payments.

On the go: The government has revealed that providers that fail to supply data for the pensions dashboards could be fined up to £50,000 by the Pensions Regulator.