Most employees still see a pension as the best way to save for retirement but only a third are confident it will provide an adequate retirement, latest research from the National Association of Pension Funds reveals.
ARGENTINA - President Cristina Fernández announced pension payments will be raised by 8.2% from the beginning of March, taking the level of pension increases to nearly 500% since 2003.
IRELAND - A construction company has pleaded guilty to deducting pension contributions from its workers but failing to deposit the funds into the Construction Workers Pension Scheme (CWPS).
One in four employers have reduced their benefit costs by implementing a flexible benefits scheme, Mercer says.
The vast majority of businesses are unprepared to deal with the "protection time bomb" that closing or revising defined benefit schemes could create, research reveals.
Some 29% of companies have not changed their employee benefits during the recession despite the collapse in the "war for talent" due to unemployment, Aon says.
Aon Consulting says a client has been warned by the HM Revenue & Customs that its employee benefits trust scheme used for high earners could face immediate tax charges.
Iron Mountain has appointed Aon Consulting to develop and implement a flexible benefits programme for its UK employees.
Employers should be looking to get regular feedback from members to ensure flexible benefits packages remain relevant.
More than four out of 10 UK employers now give staff some form of choice in the benefits they receive, a Mercer statistics show.