Final-salary pension schemes are stabilising but a sizeable fund deficit remains

The era of uncertainty surrounding final-salary pensions is coming to an end, according to Aon Consulting.

Dairy Crest to close its final-salary pension plan to further accruals

Dairy Crest is to close its final-salary pension scheme to existing members.

BSM launches group personal pension plan for staff group-wide

The British School of Motoring (BSM) has launched a new group personal pension for its staff across 94 UK locations.

Employers given a longer period for auto-enrolment of staff into pension schemes

The Department for Work and Pensions (DWP) has confirmed the system of auto-enrolment of staff into pension schemes will be staged over three years, so employees will not have contributions of 8%...

Department for Work and Pensions turns to HR community for views on pensions reform

The Department for Work and Pensions (DWP) has launched its second consultation into pensions reform and is asking the HR community to submit its views on how changes should be implemented.

Kellogg's, IBM, Marks and Spencer and Standard Life awarded the new Pension Quality Mark

Marks and Spencer and Kellogg's are among the first seven companies to receive the Pension Quality Mark for commitment to their defined-contribution (DC) schemes.

Unions could ballot members on strike action over Corus's plans for final-salary pension scheme

Corus staff could be balloted on industrial action over the company's plans to close its final-salary pension scheme for new members.

TUC Congress: Defined-contribution pensions are not filling the gap left by closure of defined-benefit schemes

Two-thirds of the private-sector workforce is without a pension because defined- contribution (DC) pension scheme coverage is not good enough to fill the gap left by defined-benefit (DB) pensions,...

Huge gap between value of public-sector and private-sector pensions

Employees in the public sector receive as much as 35.5% contributions toward their pensions, compared with an average of 6% in the private sector.

Automatic enrolment will give stakeholder pensions the boost they need

There has been some commentary in the media recently suggesting stakeholder pensions are of reaching the end of their shelf life.

Defined-benefit pension compensation claim decision overturned by Court of Appeal

The Court of Appeal has overturned a tribunal decision concerning a woman claiming unfair dismissal compensation for the loss of her defined-benefit pension.

Costain joins list of organisations closing their final-salary pensions schemes

Costain, the building firm, is to close its final-salary pension scheme to new members to minimise cost and risk to the business.

Pensions