UK - Work and pensions secretary Andrew Smith has launched a new information pack to help employers provide advice to staff.
The government pensions pack will be distributed to employees at 100 companies to determine whether they make changes to their financial arrangements as a result of receiving information and advice.
The pack – produced by a consortium including the Trades Union Congress, Small Business Council, and the Association of British Insurers – includes information on the state system, occupational pensions, useful sources of pensions’ information as well as a section that answers common pensions questions.
But Aon Consulting principal and actuary Paul McGlone says the pack does not go far enough. He believes it should encourage people to look at other forms of saving aside from pensions, such as ISAs, property, or inheritance.
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.