WALES - Cardiff University and the University of Wales College of Medicine will not combine their non-acedemic staff pension schemes when they merge next year.
Cardiff University rejected the move despite the potential cost savings.A spokesman for Cardiff University said: “The institutions intend that members of pension schemes will not be disadvantaged by the merger of the two institutions.”
The Cardiff University Pension Scheme and the University of Wales College of Medicine Superannuation Scheme will both remain open to new members.
Academic staff at both institutions are members of £20bn USS Pension Scheme.
Guy Opperman has rejected calls to speed up changes to auto-enrolment (AE) despite increasing pressure to boost contribution rates and overall savings pots.
Pensions and Benefits UK 2019 is delighted to announce the launch of our programme for this year, celebrating 20 years of bringing you the latest updates on all things pensions and employee benefits. Register for your place today!
PP has compiled a list of what to watch out for over the coming months.
Willis Towers Watson's LifeSight is the first master trust to be granted authorisation by The Pensions Regulator (TPR).