UK - Less than 30 employees have joined British Airways' DC scheme since the closure of the final salary New Airways Pension Scheme.
BA closed NAPS last May but only 26 members of staff have taken up the DC option since its launch earlier this year.
In comparison, Marks & Spencer – which opened its DC scheme to members at the same time – said more than 800 new employees had joined the scheme – a take-up rate of around 20%.
This week's top stories include ITS' management buyout from Mercer, and The Pensions Regulator launching a probe into single-employer defined contribution schemes' default funds.
People retiring in the UK will on average outlive their pension savings by 10 years, according to research by the World Economic Forum (WEF).
Steps to improve auto-enrolment are uncontroversial and obvious, but the government is dawdling on introducing the necessary changes, argues Jack Jones.
Professional trustees will be expected to apply for accreditation as part of a framework intended to be launched on 1 July by the Professional Trustee Standards Working Group (PTSWG).