US - Claims of ERISA violation and fiduciary duty breaches have brought pharmaceutical companies Hospira and Abbott Labs to trial, as former and current members of their retirement plans seek losses.
A Chicago federal district court judge upheld the plaintiffs' allegations Abbott created a separate arm, Hospira, to interfere with employees receiving benefits and refused to re-hire staff transferred...
More than four in five members of the public are completely unaware of auto-enrolment, says Aon Hewitt.
PSA Peugeot Citroen has introduced an online pensioner payslip service to reduce the costs and environmental impact of its scheme communications.
Confusing and contradictory communications could deter millions of part-time workers from saving into a pension under auto-enrolment, warns a consultant.
The Department for Work and Pensions is set to spend £10m on communications to ensure auto-enrolment is a success, pensions minister Steve Webb says.
US - The Teacher Retirement System of Texas has agreed to issue $6bn combined to Kohlberg Kravis Roberts and Apollo Global Management expanding its strategic partnership programme to the private markets.