Firms have slashed their pension costs for new recruits by closing final salary schemes and setting up money-purchase plans instead, new research reveals.
Towers Perrin’s 2007 European Corporate Pensions Study shows UK companies typically paid between 12.5-20pc of their payroll costs into pensions for existing staff but only 4-8pc for new recruits. The...
British Airways (BA) has pledged an extra £150m in annual deficit recovery contributions (DRCs) to the New Airways Pension Scheme (NAPS) over the next four years.
Cashflow driven investment strategies can provide a greater certainty of outcome, while also enhancing a scheme's risk management framework, says Schroders' head of fiduciary management Hannah Simons
The average annual pension withdrawal rate jumped more than one percentage point between 2016/17 and 2017/18, according to the latest data from the Financial Conduct Authority (FCA).
The risk profiles of many default defined contribution (DC) master trusts need an overhaul as they are mishandling risk, according to Hymans Robertson.
Members of the Universities Superannuation Scheme (USS) have relaunched their campaign pressing trustees to ditch weapon investments, arguing they need a "pension to be proud of".