UK - The trend toward closing DB schemes in favour of DC shows no sign of abating in 2003, the Chartered Institute of Personnel and Development predicts.
It says up to 40% of firms plan to close existing DB arrangements to new employers in the near future.
It stressed that most organisations are now nurturing a two-tier system in the workplace, with employers tending to offer DB schemes to existing staff and a DC scheme to new workers.
Fixed-income ETFs are helping pension schemes tailor their fixed income exposure. Bryon Lake, Head of International ETFs at J.P. Morgan Asset Management, explains how.
The Pensions Regulator (TPR) has set out plans to use "new regulatory initiatives" with over 1,000 schemes as it aims to tighten its regulatory grip and boost member outcomes.
HM Revenue and Customs (HMRC) has announced it is delaying the provision of data that will enable pension schemes to confirm the guaranteed minimum pension (GMP) benefits to pay to members until the end of the year.
This week's top stories include an article on climate activists from Extinction Rebellion crashing the PLSA's local authority conference, and an in-depth piece on the Court of Appeal's ruling on the BIC UK Pension Scheme case.