Employee Benefits

AUSTRALIA - The global financial crisis could mask the risk of long-term demographic trends, Mercer warns.

Aon Consulting's third party administration business has implemented the ViaNova data standard for straight through processing with the adoption of Idea Group's Gateway product.

Tesco workers will be able to take advantage of an extra day's paid holiday as a thank you for their work during the festive season.

FOUR in ten workers fear their pensions provision will not be sufficient for a comfortable retirement, research by JLT Benefit Solutions shows.

AUSTRALIA - The standard of employer-nominated default funds for superannuation savings should be improved and fees brought down, the Australia Institute and Industry Superannuation Network have proposed.

Trustees of the Thorn pension fund have completed a £1bn buyout transaction with Pension Insurance Corporation.

Warning on final salary pensions; Employers say widespread pay cuts can't be ruled out; 22,000 vie for 500 top civil service jobs; Pension problems may hamper any BA deal, but not as much as politics; Other side of the pension divide

EMPLOYEES are missing out on more than £5bn a year by failing to join company pension schemes, Prudential says.

ALMOST 70pc of employees believe they will take up auto-enrolment into an occupational pension from 2012, government research claims.

AUSTRALIA - Proposed reforms to the calculation of employer superannuation contributions for income test purposes are too complex and will leave both employers and employees worse off, Mercer says.