The University of Manchester is consulting on closing its non-academic staff final salary fund to future accrual and enrolling new recruits into a defined contribution (DC) scheme.
Current members of the University of Manchester Superannuation Scheme (UMSS) would see their future pension benefits based on career average revalued earnings (CARE) rather than final salary from 1 January...
Now authorisation has ended for existing schemes, Kim Kaveh reflects on the process and asks what the future holds for ongoing supervision.
Capita has signed up to the government-backed Star Initiative, taking its total number of participants to 50.
Smart Pension and Australian administrator Link Group have entered a strategic global partnership to take their “combined expertise” into new markets in the UK and globally.
Cost savings of up to 20% could be made by pension schemes if they move to a defined contribution (DC) master trust, according to Hymans Robertson analysis.