UK - Employees of small to medium-sized firms will receive pension increases worth £2bn over the next three years, according to research from Virgin Money.
The financial services company’s Workplace Survey revealed small to medium-sized companies are currently paying 5.3% of staff salaries into pension schemes but that this is expected to rise to an average of 6.4% by 2005.
The Competition and Markets Authority (CMA) has published three working papers as part of its investigation into the investment consultancy and fiduciary management markets.
In this week's Pensions Buzz, we wanted to know whether contract-based, trust-based or a master trust arrangement would be best for a new defined contribution (DC) scheme.
This week's edition of Professional Pensions is out now
MPs failed to place legislation into the Financial Guidance and Claims bill that would have made pension guidance default, which Just Group director Stephen Lowe said left a "bitter taste".