BELGIUM - Belgian employers are grossly overestimating the level of benefits provided by their defined contribution (DC) pension plans, Watson Wyatt has warned.
The consultant said the majority of employers estimated that their pension plan would provide benefits of around 70% of an employees final salary. However, the survey revealed that the total retirement...
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.
As front page headlines warn of a pensions catastrophe, trustees need to stay calm and make sure they don't "feed the frenzy", scheme communications experts urge.