ALEXANDER Forbes Financial Services has launched an online system which, it says, ensures staff understand the value of their benefits.
The XtraPay system – created with help from TBX Solutions – allows employees to set-up, manage and adjust their pensions, insurance and benefits in an “efficient and totally secure” manner. The...
As deficits continue to grow Con Keating urges schemes to think carefully about what they do next.
Allowing struggling defined benefit (DB) schemes to temporarily stop paying pension increases could help them get back on track while avoiding huge cuts to members’ pensions.
Demand for buy-ins is set to triple over the next decade as more defined benefit (DB) schemes look to offload their liabilities to insurers.
The local government pension scheme (LGPS) pools have come under fire for not including member representation on governance boards to oversee the radical changes.