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.
Despite improvements in investment manager attitudes towards responsible investment, research reveals there is a way to go before the majority deliver meaningful action. Victoria Ticha explores why
The Co-operative Bank is set to continue de-risking pension schemes after it mitigated further losses by switching from the retail prices index (RPI) to the consumer prices index (CPI).
A model aimed at reducing climate change-related financial risk exposure from corporate credit assets has been launched by Insight Investment.
Universities Superannuation Scheme (USS) members should be responsible for most of the cost of increased contributions if the scheme's defined benefit (DB) section remains open to accrual, Pensions Buzz respondents say.