UK - Architect Skidmore Owings & Merrill has managed to keep pensions and benefits administration costs static despite experiencing a third increase in staffing numbers.
The move follows the implementation of a new online employee benefits system by specialists 4th Contact.
SOM associate director Graham Wiseman said: “We could double in size and we still wouldn’t need to change the resources in administering benefits.”
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers