This week’s top stories included auditor KPMG confirming it is considering reducing pension contributions for 20% of staff amid the ongoing impacts of the coronavirus pandemic. Also, MPs hit out at HM Revenue & Customs over the benefits of pensions tax relief.
1. KPMG confirms staff pension cuts and redundancies proposal KPMG has begun a consultation on reducing pensions contributions, affecting around 20% of staff if agreed on, Professional Pensions finds....
The restructuring division of KPMG, including its employer covenant team, will be acquired by H.I.G Europe.
Aviva secured record net flows of £8.5bn into its saving and retirement products in 2020, while bundled workplace assets under management grew by 14% to £81bn, its annual results reveal.
Nigel Peaple sets out the PLSA's focuses for the year ahead.
Chancellor Rishi Sunak has confirmed that the pensions lifetime allowance will be frozen at its current rate until 2026.
Tender Watch: Access appoints Minerva for RI review; National LGPS Frameworks launches global custody solution
Professional Pensions rounds up some of the latest tender news from across the industry.