UK - Minimum employee pension contributions to the B&CE Benefits Scheme are increasing from £1.90 to £2.50 a week.
Under a national agreement agreement with the construction industry – which takes effect from Monday – the employer will also match worker contributions up to £7.50 per week. Currently bosses only have to match the first £5 of workers’ contributions.
B&CE is the UK’s largest stakeholder provider and provides over 200,000 construction workers – working for over 8000 employers – with a pension.
The Next Generation Pensions Committee is on a mission to promote and encourage younger voices in the industry. Kim Kaveh looks at its key objectives
This week's top stories included an analysis finding the cost of equalising guaranteed minimum pensions in schemes could hit FTSE 100 profits by up to £15bn.
Employers whose dividend to deficit recovery contribution (DRCs) ratios fall outside the "normal range" should expect to see higher regulatory scrutiny, although no fixed ratio will be set.
Investment consultants and fiduciary managers should expect a final decision on the investigation into the market to be published by the end of the year, the competition watchdog says.