EUROPE - Dutch companies have reported reconsidering their current financial relationship with their pension funds in light of new accounting standards.
OPF, the Dutch Association of Company Pension Funds, said the new standards could force some companies to set up new financial frameworks to prevent pension fund fluctuations from affecting results, OPF officials said.
One possibility could see companies agreeing to set premium levels to be paid possibly with a one-off lump payment, after which, pension funds would be completely accountable for performance.
The Brunel Pension Partnership has become the fourth local authority pool to receive the green light from the regulator.
Defined benefit (DB) schemes are to be offered a new consolidator as the former chief of the Pension Protection Fund (PPF) launches 'The Pension SuperFund'.
Martin Freeman has been hired as head of technology product and development at Smart Pension, to support the 'growing' technology product side of the business.
Tim Sharp says the government has missed some big opportunities to help workers in the DB white paper.