UK - There is an "overwhelming consensus" among the industry that costs in defined contribution schemes should be clear, simple and comparable, the UK Pensions Regulator says.
Introducing the collective defined contribution model in the UK could increase typical members' pensions by up to 45% according to actuarial consultant Hamish Wilson.
There is an "overwhelming consensus" among the industry that costs in defined contribution schemes should be clear, simple and comparable, The Pensions Regulator says.
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Almost one third of the UK's largest companies are planning to use expensive and ill-suited pension provision to comply with employer duties, according to Hymans Robertson.
The introduction of employer duties is seen as the top barrier to sole traders taking on their first member of staff, a survey finds.
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Industry figures believe the government will make transfer of short service refunds the default option when it revamps the regulatory framework later this year.
Introducing the collective defined contribution model in the UK could increase typical members' pensions by up to 45% according to actuarial consultant Hamish Wilson.
James Cropper has closed its final salary scheme to future accrual, cutting its pensions deficit by 90%.