NORWAY - EDB ErgoGroup ASA has agreed to costs totalling some NOK9m ($1.7m) per year to settle a pension dispute with employee unions over its decision to transfer some staffers from a defined benefit to a defined contribution plan.
In September 2009, the then EDB Business Partner ASA (EDB and Ergo merged in 2010) decided to move all members in a closed DB scheme to a DC scheme in a move that would save the company NOK70m annually....
PP looks at whether more could be done to prevent members from transferring out in the first instance?
People who die younger will get a better deal by not annuitising according to pensions minister Steve Webb.
Pensions minister Steve Webb has strongly hinted there will be action on tax relief in the Autumn Statement tomorrow.
Local councils and pension authorities have urged members of the public to disregard scam calls from a fraudulent organisation claiming to be a pension scheme.
Jonathan Stapleton on the annual round of tax relief speculation