Many US workers favour defined contribution (DC) payment systems, but want their employers to administer them, according to Watson Wyatt's latest study.
The Independent Stakeholder Company warns that employees may miss out on a bonus of 12.2% when they pay contributions directly into stakeholder pensions from April.
Automotive services group Inchcape has rejected calls from its largest shareholder Guinness Peat Group (GPG) for it to enter into a controlled break-up - revealing instead it will return £45m to shareholders.
UK-based Inchcape Motors Pension Scheme has appointed Martin Currie Investment Management to actively manage its £7m Japanese equities mandate.