Schroder Pensions has been chosen to implement Bradford & Bingley's new group pension plan - a contributory stakeholder scheme.
B&B, which has 8,000 employees, has introduced the plan to extend current company pension provision to all B&B staff in mainland Britain and Northern Ireland. This includes 2,750 current employees who are not already members of the existing staff pension scheme as well as new employees.
Bradford & Bingley has expanded rapidly and made a number of acquisitions in recent years, and the development of this plan will ensure that all 'new joiners' are eligible for quality company pensions provision, said B&B’s group chief executive Christopher Rodrigues.
It is extremely important for Bradford & Bingley to implement a group pension plan that will cater for the diverse needs of all our staff across all UK based companies in the Group.
By Janet Du Chenne
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
This week's top stories include the government spending £800,000 on a Gogglebox advert and MPs writing to The Pensions Regulator about its engagement with the Railways Pension Scheme.