Employee Benefits

HSBC has launched a group self-invested personal pension with Standard Life for employees who are looking to invest maturing HSBC Share Reward Plans into a pension.

Industry fears over personal accounts revolve around employer contribution duties not the scheme itself, the Personal Accounts Delivery Authority says.

UK - The government must introduce automatic increases to pension savings when member's salaries rise if people are to have a decent standard of living in retirement, BlackRock says.

GLOBAL - Aging populations and changing mortality assumptions are the greatest threat to the long term viability of pension schemes, major consultants have again claimed.

Better communication between trustees, sponsoring employers and members of defined contribution schemes can give a significant boost to financial outcomes, The Pensions Regulator says.

Alternative savings options are more attractive to many employees than pensions, a Mercer poll reveals.

Professional Pensions has joined up with the adnitor UK Platform Awards to recognise excellence in DC Worksite pension platforms.

Almost 20pc of companies will switch to personal accounts for new or existing employees, a National Association of Pension Funds survey reveals.

UK - The National Association of Pensions Funds (NAPF) has found many employers are unprepared for the introduction of Personal Accounts in 2012.

Trustees of the Inchcape Group (UK) Pension Scheme have appointed Punter Southall as actuarial advisers to the £200m scheme.