UK - Final salary schemes are still the most popular form of pension provision at Britain's largest firms, a survey by IPN's sister publication Professional Pensions reveals.
But the gap between firms offering defined benefit and money purchase schemes is narrowing.
The survey shows that 36% of FTSE350 companies have DB schemes against 34% which have DC schemes to new employees.
The survey – based on the third quarter FTSE company listing – also shows which consultants, custodians and law firms the schemes use.
The survey – which includes data supplied by AP Information Services, publishers of Pension Funds and their Advisers – features in this week’s PP (November 28, 2002) with an overview from Sue Applegarth of MNPA who puts the shift to defined contribution and career averaging into context.
Some of the UK's biggest pension schemes will be forced to report on climate risk in line with recommendations from the Taskforce for Climate-related Financial Disclosures (TCFD).
TPT Retirement Solutions has launched a pension scheme for the education sector which offers schools both defined contribution (DC) and defined benefit (DB) pension provision.
The People's Pension has revealed plans to overhaul its charging structure, cutting fees and returning profits to members with an aim to help people save more money for retirement.
Data consultancy ITM has appointed Akash Rooprai as head of client management to lead its de-risking business.