UK - The value of occupational pensions administered by insurance companies rose from £180bn to £210bn in 2000, figures from the Association of British Insurers reveal.
The ABI’s Insurance Trends report shows that insurance-administered funds increased their share of the pensions market from 39% to 43% between 1999 and 2000.
The value of employer-administered schemes fell by 5% from – £785bn to £745bn – over the same period.
There is just one week left to register to enter the Workplace Savings and Benefits Awards 2018.
Nearly a third (32%) of employers believe new technologies, such as augmented and virtual reality, will play a part in benefits communications, latest research from Aon Employee Benefits reveals.
Universities UK (UUK) has suggested a collective defined contribution (CDC) scheme could be a replacement for the defined benefit (DB) element of the Universities Superannuation Scheme (USS).
This week's top stories included a Pensions Institute report suggesting the aviation industry's practice of constantly evaluating mistakes should be applied to defined benefit pensions.