SURGICAL instrument manufacturer Aesculap is to close its final salary scheme to future accrual in a bid to shore up a £3m deficit.
The firm intends to replace the scheme with a defined contribution plan into which it will contribute 6.6pc of members’ salaries. It has also pledged to pay off the DB fund’s deficit with additional payments...
Ex-BHS owner Dominic Chappell has been ordered to pay a total of £87,000 in fines and court costs after he was found guilty of failing to provide The Pensions Regulator (TPR) with information.
The Department for Work and Pensions (DWP) has said it while believes in the benefits of consolidating defined benefit (DB) schemes, there are significant issues to overcome.
There is just one week left to register to enter the Workplace Savings and Benefits Awards 2018.
Nearly a third (32%) of employers believe new technologies, such as augmented and virtual reality, will play a part in benefits communications, latest research from Aon Employee Benefits reveals.