Innogy Group in the UK, whose pension scheme is part of the £22bn Electricity Supply Pension Scheme, has assigned Aon Consulting's web unit to provide an on-line pension scheme booklet as part of its HR portal.
Innogy is planning to develop the pensions site over time in line with feedback from members, who will be able to view benefit statements online.
Tor Farquar, Innogy HR director, said: “We were very impressed with the wide range of work Aon Consulting’s web unit were able to show us for major pension schemes, and the technical expertise of the unit.”
By Janet Du Chenne
Enhanced powers for The Pensions Regulator (TPR) to prosecute and fine company directors who "wilfully or recklessly" put their defined benefit (DB) pension scheme at risk will be hard to enforce, commentators say.
Melrose has pledged to contribute up to £1bn to GKN's pension schemes as part of a final offer to acquire the engineering business.
Existing master trusts will be forced to pay £41,000 when applying for authorisation under the upcoming regime, the government has confirmed.
UPDATE 2 - DWP publishes DB white paper: Stronger powers for TPR, DB chair statements to be introduced
The Pensions Regulator (TPR) will be given the power to fine company bosses who deliberately puts their defined benefit (DB) schemes at risk, the government has confirmed.