The rate of closure of defined-benefit (DB) pension schemes remains stable but further change is on the horizon, according to the National Association of Pension Funds (NAPF).
Employee confidence in saving in a workplace pension scheme has improved, according to the National Association of Pension Funds (NAPF).
West Ferry Printers have completed a 130 million pension buy-in, insuring its pensions liabilities with Norwich Union.
More than nine out of ten HR managers (91%) still feel offering a pension scheme helps them become a responsible employer and 89% believe it is their duty to help staff prepare for retirement.
Senior Labour MP David Blunkett has said people should take part in some sort of meaningful activity- preferably work until the point of our incapacity overtaking us.
Cable & Wireless has transferred over 1bn of defined benefit pension liabilities to Prudential.
Barely a sixth (17%) of final-salary pension schemes are open to new members this year, compared with over a quarter (28%) last year, according to Aon Consulting.
Pensions experts have warned employers there are pitfalls in seeking to reduce risk in their pension schemes.
Software firm Civica is harmonising its employee benefits provision by adding online flexible benefits and decreasing the number of pension schemes it offers from eight to two.
Employers will not understand changes in maternity pension benefits, and they could also end up out of pocket, according to legal experts.
Employers have been warned that excessive regulation is putting as many as three million final-salary pension schemes at risk of winding up or being bought out.
Government is to blame for pensioners feeling unhappy when they retire, according to The Age and Employment Network (TAEN).