Asset managers are increasingly considering how to incorporate the best defined benefit (DB) features in defined contribution (DC) investment, according to research.18 Jun 2013
The Imperial Home Decor scheme has agreed a £5m medically underwritten buyout of its defined contribution (DC) section in the first such deal to be publicly announced.17 Jun 2013
Governance in contract-based defined contribution (DC) schemes is being ignored by many employers, Punter Southall believes.14 Jun 2013
The Pension Protection Fund (PPF) has warned that the £630m levy paid by schemes to fund the organisation is likely to rise by an average of approximately 10% in September.13 Jun 2013
Pensions minister Steve Webb has said he envisages automatic transfers being used in defined benefit (DB) schemes to counter the issue of deferred members.12 Jun 2013
The Communication Workers Union (CWU) has threatened a national strike after it “firmly rejected” the proposals from the Royal Mail to make changes to its pension plan.11 Jun 2013
Companies with defined benefit (DB) schemes restating 2012 accounting figures to reflect IAS19R will show a reduction in pre-tax profits by around £5bn, Towers Watson warns.11 Jun 2013
Heineken UK has appointed Capita Employee Benefits (CEB) on a five-year contract to provide administration services to the Scottish & Newcastle Pension Plan (SNPP).10 Jun 2013
The Pensions Regulator (TPR) has relaxed proposed guidelines on how trustees and providers of auto-enrolment schemes should report missed payments, after concerns were raised by the industry.07 Jun 2013
Pensions minister Steve Webb has confirmed that an update for the defined ambition (DA) project will be published in the summer.04 Jun 2013
Employers are potentially leaving themselves on the hook for significant unprotected retirement costs when closing defined benefit (DB) schemes.03 Jun 2013
Over two-thirds of defined contribution (DC) schemes admit they do not comply with all of The Pensions Regulator’s (TPR) six principles for good workplace DC schemes, despite high awareness.03 Jun 2013
A number of smaller employers are planning to avoid auto-enrolment compliance citing the legislation as “designed solely to allow the government to steal more money.”28 May 2013
The Department for Work and Pensions (DWP) is still examining how auto-enrolment will apply to hybrid schemes after the draft Pensions Bill failed to close a loophole.28 May 2013
With the government responding to online campaigns for wider financial education, Owain Thomas investigates what employers should be doing.20 May 2013
Defined contribution (DC) investment services are “inferior” to those available to defined benefit (DB) funds, according to a report.20 May 2013
Pensions minister Steve Webb has created a working group to consider reforming multi-employer defined benefit schemes to help charities struggling with liabilities.16 May 2013
Buck Consultants is consulting with its UK employees on closing its defined benefit final salary offering by the end of 2014, WSB sister title Professional Pensions has learnt.16 May 2013
Pensions minister Steve Webb described consultancy charging as “a classic example of how the industry allowed itself to get bad headlines.”15 May 2013
The government should focus on improving defined contribution (DC) provision in developing the defined ambition agenda, according to the TUC.15 May 2013
The programme for the Pensions and Benefits Show, which takes place on 12-13 June at ExCel in London, has now been unveiled.
WSB has launched the Workplace Savings and Benefits Awards 2013 - the only award event to recognise both employer and provider excellence.
The World Economic Forum’s Global Risks 2013 report is developed from an annual survey of over 1,000 experts from industry, government, academia and civil society who were asked to review a landscape of 50 global risks.
Aviva has successfully supported employers through staging and implementation of auto-enrolment. Thankfully, none have needed the thornbush, and none have come close to the cliffs, but all have struggled at times with the enforced downhill speed toward their staging date. So what have we learned so far?