Final-salary pension deficits are holding back recession-hit firms as they restructure in preparation for an economic recovery.
The recession is continuing to damage the private-sector pension market, with less than a quarter (23%) of private-sector defined-benefit (DB) schemes still open, compared with 28% this time last...
Vodafone is to close its final-salary scheme to 4,000 employees.
HR consultancy Mercer has called for the next Government to reconsider the UK's approach to pensions by 'drastically simplifying' the legislation that applies to pension schemes.
The Government has "killed the golden goose" of quality retirement provision, through 20 years of interference, according to HR directors.
Research by Prudential predicts the number of pensioners still at work will double to 1.8 million by 2019 - but only because they cannot afford to retire.
The UK is heading for a 'pensions dark age' with rising pension poverty as two thirds of pensioners will be forced to depend on the state for support in retirement, according to AXA.
There are pro's and con's to changing to a 401K type system, as has been suggested by the Conservative party. On the positive side, more people would potentially save (and those already doing so would...
Pension actuaries Barnett Waddingham has launched a programme designed to increase employer knowledge and understanding of the Pension Protection Fund (PPF).
Retirement age needs to rise to 70 and the occupational pension regime should be replaced, according to the Institute of Directors (IoD).
People are now expected to live longer than the Government thought when it decided to increase the state pension age, leading to another pensions headache for employers, new research reveals.
The CIPD is to close its defined-benefit (DB) pension scheme and replace it with a defined-contribution alternative from next January.