The Bank of England will test so-called shadow banking institutions such as pension funds, that played a key role in recent UK bond market chaos, it said Tuesday.

Credit funds at Blackstone, Apollo, DZ Bank and Astra Asset Management picked up bargains from UK pension funds during their scramble for cash, and some say pension schemes are still offloading assets as pressures persist.

The recent crisis in Britain's government bond market means smaller UK pension schemes may fork out more money for a bespoke liability-driven investment (LDI) strategy in future to ensure better protection, industry sources say.

Britain, rattled by the recent near meltdown of some pension funds, is pressing ahead to tighten oversight of the so-called shadow banking sector, taking the lead ahead of possible co-ordinated international action.

Sudden changes in the gilts market are rare, but when they do happen it can cause major problems for certain types of pension scheme.

UK pension schemes are racing to raise hundreds of billions of pounds to shore up derivatives positions before the Bank of England calls time on support aimed at keeping them afloat.

The UK economy contracted by 2.2 percent in the first quarter.

The telecom major's pension scheme review is due to commence in June 2017.

Resolution Foundation says workers miss out on £200 a year as companies plough money into pension schemes.

Pensioner households £20 a week better off than working counterparts, Resolution Foundation report shows.

FTSE 100 lender will set aside a further £1bn to compensate for mis-sold payment protection insurance.

PLSA report states that defined benefit pension schemes should be made more flexible over time.

BMW UK intends to shift from its two defined benefit schemes to a less generous defined contribution scheme.

Approximately 100,000 female employees at Lloyds thought to have missed out on £2,000 each.

Trinity Mirror's first half profits soar 42% year-on-year despite decline in print revenue.

The business secretary's plan is to link the annual uplift in pensions to the CPI instead of RPI.

Pensions for BHS's senior management is well-funded, claim sources.

Aegon is keen to close the deal before sweeping new capital rules known as Solvency II comes in next month.

Government pension reforms will earn Treasury about £1.2bn in tax revenues this year.

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EXCLUSIVE: Altmann tells IBTimes UK the move would 'send the wrong message' to savers.

Mercer says firms will need to make the move because workers are expected to live six months longer.

The Department for Work and Pension has published a draft legislation.

Ratings agency says the scale of the impact on the industry depends on how the plans are implemented

The proposal was unveiled during the Queen's speech during the state opening of parliament.

Sunday Telegraph says government will unveil plans to introduce a Dutch-style collective pension plan.

The new all-time-high in April was despite improving stock market returns.

Lloyds pensions cap will generate £1bn income.

Move comes after the Pension Minister called for a cap on charges of more than 0.75%.

However, Forensic Asia report says HSBC need to inject £70bn of capital by 2020.