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.
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A new cost transparency solution is being developed for pension schemes by a financial services technology firm.
Supermarket giant Asda's plans to reform its pensions have been decried as "unfair, unreasonable and unnecessary" as the workers' union began talks with the employer.
The Pensions Administration Standards Association (PASA) has launched a checklist to help trustees with the rectification process for guaranteed minimum pensions (GMP).