Larger firms are more likely to turn to trust-based defined contribution plans rather than contract arrangements when replacing final salary pensions, research shows.
A survey by Watson Wyatt found three-quarters of FTSE100 firms now operated trust-based DC plans instead of final salary schemes in an attempt to cut costs and risk – an increase from two-thirds of companies...
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point