Employee Benefits

UK - Firms with final salary schemes have far better staff retention than those which offer money purchase provision, a new report claims.

GLOBAL - Mercer Human Resource Consulting's UK chair and CEO, David Barford, has announced his resignation.

UK - Aon Consulting is considering ending a £3.5m contract with Profund Solutions.

UK - Mercer Human Resource Consulting has flagged a plan to overhaul the UK pension system, ahead of a review of the system due to be published on October 12.

UK - Government plans to increase member-nominated trustees to 50% will distract from providing real measures to restore confidence in pension schemes, Mercer Human Resource Consulting claims.

UK - Nearly 90% of adults employed in regular work would be willing to sacrifice some of their salary for more employee benefits, according to new research by Aon Consulting.

UK - Accountancy giant Ernst and Young is introducing pension salary sacrifice for its staff from January 1.

UK - Mercer Human Resource Consulting is developing packaged services that it claims will help companies manage their next generation money purchase and "legacy" final salary plans.

US/CANADA - Employees' rates of contribution to employer-sponsored defined contribution (DC) schemes in North America fall well below estimates of the savings levels required for a comfortable retirement, a new study has found.

UK - Brighton & Hove City Council has introduced a voucher scheme to save employees money on childcare costs.