Unilever has proposed to replace its final salary scheme with an average salary scheme and a defined contribution option.
The Government has published a consultation document detailing plans for a new flat-rate state pension meaning the existing means-tested arrangements would be replaced for new, but not existing,...
This month, the Government will begin to phase out the default retirement age (DRA). This means that employers will no longer be able to retire staff automatically using this procedure once they reach...
Employers are offering staff too many pension investment options, causing confusion and causing employees to make the wrong choices, research finds.
With 18 months to go until the implementation of rules requiring employers to auto-enroll staff into pension schemes, benefits consultants have warned employers they will need all this time to...
Minister for pensions Steve Webb has applauded the creation of a “single, simple, decent state pension”.
The Government is to implement Lord Hutton's recommendations on public sector pensions and is considering making similar changes to the pensions of MPs.
People in Wales and the West Midlands who have yet to retire are the least confident in Great Britain, that they will have enough money in their retirement, a newly released survey shows.
On the face of it, Lord Hutton’s recommendations call for public sector employees to work longer and pay more in order to receive less pensionable income at retirement. It doesn’t sound like a...
After all the news stories about a radical shake up of public sector pensions what is actually being recommended, and what are the implications for HR departments?
The average British private sector worker saving in a defined contribution (DC) pension scheme has lost over £10,000 per annum of their future retirement income since the Millennium, according to the...
Occupational pensions have historically comprised an important element of the package of benefits most employers offer their workers, but this tradition is changing as a result of tough economic...