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Sebastian Cheek
Round up - July 29
Professional Pensions | 29 Jul 2010 | 12:36
Council staff face later retirement to fill £40bn pension fund black hole; Carry on working past 65 as Default Retirement Age to be scrapped in 2011; State pension is not enough to live on, minister admits
Default retirement age could be scrapped by October 2011
The government is proposing to scrap the default retirement age of 65 by October next year, it today confirmed.
Professional Pensions | 29 Jul 2010 | 11:57
The downside of reducing risk
Unlike former PP editor-in-chief Alex Beveridge, who admitted in his column last week that reading time has become a somewhat rare commodity since the birth of his baby son, I still have some time for light-hearted reading.
Professional Pensions |
29 Jul 2010 | 11:35 
Sebastian-Cheek
Unions are too quick to dispute
Not a week seems to go by without the unions disputing the latest cost saving measures by sponsoring employers. The BBC, AstraZeneca and Ford have all been on the receiving end of union venom in the past two weeks alone.
Professional Pensions |
29 Jul 2010 | 11:25
ECJ to rule on part-time judges’ benefit entitlement
A legal battle over part-time judges’ right to a pension from the Ministry of Justice has been referred to Europe for a final ruling.
Professional Pensions | 28 Jul 2010 | 12:32
Wood joins JLT Benefit Solutions
JLT Benefit Solutions has appointed former Paternoster chief executive Mark Wood as non-executive chairman.
Professional Pensions | 28 Jul 2010 | 11:34
ACA seeks employer views on auto-enrolment
The Association of Consulting Actuaries is undertaking a survey seeking employers’ views on the government’s upcoming review of auto-enrolment and NEST.
Professional Pensions | 27 Jul 2010 | 13:03
Croda reduces accrual rate despite deficit improvement
Chemicals company Croda International is changing the accrual rate of its pension scheme for new members, despite a slight improvement in its scheme deficit.
Professional Pensions | 27 Jul 2010 | 12:45
MPs to lose final salary scheme
MPs are set to lose their gold-plated pensions in favour of a career average revalued earnings scheme after an independent report from the Senior Salaries Review Board.
Professional Pensions | 27 Jul 2010 | 12:11
AstraZeneca employees may strike over scheme changes
Some 600 AstraZeneca workers in Macclesfield are being balloted on strike action over proposed changes to the defined benefit pension scheme, unions say.
Professional Pensions | 27 Jul 2010 | 08:45
Ford could face union legal challenge over Visteon pensioners
Unite has threatened Ford with legal action over staff who lost their pension when Visteon UK went into administration last year.
Professional Pensions | 26 Jul 2010 | 10:45
Ofcom snubs BT over scheme funding
Communications watchdog Ofcom has ruled out changes to British Telecom’s wholesale charging structure, despite the telecoms giant’s £9bn scheme deficit.
Professional Pensions | 23 Jul 2010 | 10:57
TPR suspends trustees from 100 DC schemes
The Pensions Regulator suspended trustees from more than 100 defined contribution schemes in the past year, its annual report and accounts reveals.
Professional Pensions | 22 Jul 2010 | 12:51
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