UK - A "significant minority" of employers are planning to increase retirement age, research next month will show.
The Chartered Institute of Personnel and Development’s annual reward survey will also show a large increase in firms which carried out pay audits in the past year – and will forecast that more employers will carry out a pay audit in 2004.
Other findings will show that:
- “Cafeteria benefits” – a mix of cash and benefits – are becoming increasingly popular.
- Most private sector firms now offer money purchase schemes to new hires.
- Many employers are failing to communicate to staff about their pension arrangements on an ongoing basis.
- Despite cost concerns employers are concerned with ensuring their benefit offering (excluding pensions) makes them an employer of choice.
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The Royal Mail Pension Plan (RMPP), which manages £10bn of assets on behalf of more than 120,000 members across the UK, has appointed Richard Law-Deeks as chief executive.
Travers Smith has appointed Sebastian Reger from Sackers to join its pensions sector group from 1 October.