UK - Pension rights for fixed-term workers which come into force this year will turn out to be a "damp squib", says Norton Rose.
Partner Lesley Browning said that the “package approach” in the new regulations, which allows for cash incentives to be given instead of pensions already mirrored current practice.
She said: “As the law stands, for pensions rights to kick in, fixed-term workers need to work for two years – otherwise you just get a refund of contributions.
So most employers will offer cash incentives instead, which is exactly what they are doing.”
The PPI has unveiled a policy paper outlining current considerations and policy debates relevant to DC scheme default strategies. Kim Kaveh explores some of its views.
The £30bn local government pension pool has appointed Quoniam and Robeco to manage an active equity portfolio worth around £400m.
The volume of insured buyouts from FTSE 100 defined benefit (DB) schemes could increase from £5bn to £300bn by 2029, according to Lane Clark & Peacock (LCP).