UK - The government is to introduce a final salary scheme for doctors and dentists in the armed forces in a bid to resolve staff shortages.
The move is part of an improved pay package following an “extensive staffing review” of the armed forces.
The review consulted with the NHS, the British Medical Association and the British Dental Association, and concluded that doctors and dentists needed to be offered better resources, improved pay, pensions and quality of life to attract them into the armed forces.
At present doctors and dentists in the armed forces are offered a pension arrangement which provides benefits according to rank but which is less generous than a final salary scheme.
Defence minister Lewis Moonie said the move would bring pay levels for defence medical services in line with those for other health professionals.
The final salary pension scheme is intended to be set up by 2006.
Businesses are experiencing auto-enrolment data error rates of up to 50%, posing questions over the reliability of pension records, Pensionsync says.
A nationwide survey of committee and local pension board members of the Local Government Pension Scheme has revealed high levels of confidence in all areas of their responsibility.
UK inflation unexpectedly rose to 2.7% in August, beating analysts' expectations of a drop to 2.4% from 2.5% the previous month.