The Royal Bank of Scotland has become the first UK company to auto-enrol its workforce under the government’s requirements, with 40% of newly enrolled members choosing to opt out.
RBS already operates a form of auto-enrolment for its workforce where employees are given an additional 15% of salary for its flexible benefits package. Four percentage points of this is automatically...
When J.Whitaker & Sons Final Salary Plan appointed a fiduciary manager they were targeting self-sufficiency. However, strong investment returns and the ability to react quickly to changing market dynamics have led to a different result finds Helen Morrissey.
The Pensions Regulator (TPR) has used its anti-avoidance powers to ensure members of a defined benefit (DB) scheme receive their full benefits.
MPs are to debate the quality of advice given to pensioners that transferred into a defined benefit (DB) scheme set up after part of the UK’s nuclear industry was privatised.
More than £1.5bn was withdrawn from pensions in the third quarter of this year, official statistics have revealed.