UK - The Communication Workers' Union hit out at firms over making "stealth cuts" in contributions when final salary schemes are closed in favour of DC schemes.
The move came in the wake of the NAPF’s latest research which showed that, on average, firms halve their contributions when they switch arrangements.
The survey found that employers, on average, pay 6% into a DC scheme against 12% for DB plans.
The top stories this week were the High Court's decision to block the £12bn annuity transfer from Prudential to Rothesay Life, and a separate court ruling that 'raises the bar' for pension rectification exercises.
Guaranteed minimum pension (GMP) equalisation has soared to the top of pension schemes' to-do lists, with 58% stating it is a priority project, research from Equiniti has revealed.
Professional Pensions is holding its defined contribution (DC) conference on 4 September.