Employee Benefits

IRELAND - The vast majority of Irish people who pay into defined contribution pension schemes are not putting enough away to ensure an adequate level of income in retirement, according to Raymond McKenna, director, people strategy at KPMG, speaking at...

UK - Employers must ensure effective scheme member communication when contributions are cut or schemes are closed.

UK - Firms will face large pay demands unless they make "adequate" contributions to money purchase schemes.

UK - Engineering company VAI UK is set to launch an online benefits system for its 450 workers who are based in three locations nationwide. The system is designed to help VAI staff understand their benefits better before the firm moves to a flexible benefits...

UK - Consultants fear brewing giant Scottish & Newcastle's likely decision to contract back in to the State Second Pension will open the floodgates for other employers to follow suit.

UK - Poor investor education is one of the biggest problems in the current pensions crisis, and the slide from final salary to money purchase schemes will only make matters worse, says Mercer Human Resource Consulting.

UK - Pub and brewing group Greene King is to automate its employee benefit system using 4th Contact's software.

UK/GLOBAL - AFA Systems, a global provider of software solutions for the banking and asset management industries, has launched Benefit, a web-enabled member administration system.

UK/GLOBAL - AFA Systems, a global provider of software solutions for the banking and asset management industries, has launched Benefit, a web-enabled member administration system.

Increase in income replacement: