MILLIONS of pounds a year are wasted on employee benefits packages because staff do not understand them, Oval Financial Services warns.
Its survey of 4180 workers found 75pc did not fully understand their benefits package. It also revealed that while 32pc of employees hoped to retire before 60, more than 60pc did not believe they were...
The Co-operative Group's Somerfield Pension Scheme has completed a buy-in with Pension Insurance Corporation (PIC), insuring the benefits of its pensioner members.
Caroline Rookes CBE and Michele Hirons-Wood have joined The Pension Superfund's board of trustees to focus on maintaining governance standards and safeguarding member benefits.
The first specialist independent firm advising pension schemes on bulk annuities or moving to a consolidator has been set up with ambitions to shake up the market.