News / Pensions
First UK Bus has seen 15% of its auto-enrolled workforce opt out of its scheme since it began auto-enrolment in April.20 Jun 2013
Only a third of small and medium enterprises are making plans for auto-enrolment (AE) despite having less than a year until staging, according to research by Metlife.20 Jun 2013
The Comet Pension Scheme deficit remained unchanged at €40m (£34m) last year, despite the scheme receiving additional contributions in a deal which released former sponsor Comet from its obligations.19 Jun 2013
The Department for Work and Pensions (DWP) paper on defined ambition expected this summer will set out plans to introduce large scale collective defined contribution (CDC) schemes to the UK.19 Jun 2013
Communication and overall project management are the biggest concerns facing pension professionals in the current market, according to a poll conducted at the Pensions and Benefits Show 2013.19 Jun 2013
Regulators could be awarded new powers to freeze bonus payouts and pensions for banking staff should their banks be subject to a taxpayer bailout.19 Jun 2013
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
Now Pensions has been appointed auto-enrolment (AE) provider for leisure chain Fitness First.18 Jun 2013
Royal Bank of Scotland (RBS) head of pensions and benefits Ray Martin has left his post in order to join Switzerland-based Tetra Laval.17 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
‘Marrying’ the savings phase with the payout phase will help to deliver a well-constructed defined contribution (DC) fund, according to State Street Global Advisers.14 Jun 2013
The defined contribution (DC) pensions market has come of age and employers should be using their members’ assets to obtain the greatest benefits for themselves and their staff, Standard Life believes.14 Jun 2013
The industry must do more to support employees making retirement income decisions says The Pension Regulator’s chairman Michael O’Higgins.13 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
Contract-based defined contribution (DC) providers are likely to be given a fiduciary duty similar to that of trustees, Punter Southall principal Alan Morahan says.13 Jun 2013
The Pensions Regulator (TPR) will “shorten and sharpen” its defined contribution (DC) code of conduct and principles following industry complaints it is too complex.13 Jun 2013
The Pensions Regulator (TPR) is expanding its compliance unit to enable it to ‘proactively investigate’ companies and industries with a high risk of failure to comply with auto-enrolment duties.13 Jun 2013
McDonalds has reported opt out rates of less than 2.5% after auto-enrolment (AE) staging.12 Jun 2013
A Department for Work and Pensions (DWP) autumn consultation into the future of defined contribution (DC) will consider the place of fiduciary duty, pensions minister Steve Webb says.12 Jun 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?