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.
Some of the UK's biggest pension schemes will be forced to report on climate risk in line with recommendations from the Taskforce for Climate-related Financial Disclosures (TCFD).
TPT Retirement Solutions has launched a pension scheme for the education sector which offers schools both defined contribution (DC) and defined benefit (DB) pension provision.
The People's Pension has revealed plans to overhaul its charging structure, cutting fees and returning profits to members with an aim to help people save more money for retirement.
Data consultancy ITM has appointed Akash Rooprai as head of client management to lead its de-risking business.