UK - Conservative work and pensions spokesman David Willetts has urged the government to break the "vicious cycle" of means-tested benefit dependency.
Willetts told the Croydon North Conservative Association – constituents of current pensions minister Malcolm Wicks – the move would encourage people to save.
“By 2006 the government plans that over four million pensioners will be entitled to the main means-tested benefit alone. We believe we can take a at least a quarter of them off means-tested benefits.”
Potential changes to accounting standards and increased pressure on companies to accelerate contributions could worsen FTSE 100 scheme funding by up to £100bn, according to Lane Clark and Peacock (LCP).
Smart Pension has taken on over 20,000 active members from the £20m Corpad Master Trust, following a strategic review by the ceding firm's trustees.
The Universities Superannuation Scheme (USS) allegedly obstructed a whistleblower as she tried to discover the true value of the deficit in its defined benefit (DB) section, according to reports.
The Cost Transparency Initiative (CTI) has launched a number of templates and guidance to help pension schemes deliver greater value for savers with enhanced disclosure of transaction cost information.