EMPLOYERS cannot replace annual leave with a payment in lieu following a ruling by the European Court of Justice.
The court ruled that such a practice breached the EU Working Time Directive, which requires member states to ensure that every worker is allowed four weeks’ paid annual leave. The ruling – in the case...
Partner Insight: Members' evolving needs and expectations are driving changes in scheme administration. As the pensions landscape inevitably continues to change, how will your scheme's approach need to develop to keep pace?
The Pensions Regulator (TPR) is "working closely" with government contractor Interserve and the trustees of its defined benefit (DB) pension schemes, it has confirmed.
The industry has welcomed the Department for Work and Pensions' (DWP) consultation on defined benefit (DB) consolidation as a way to address scheme covenant issues.
BMO Global Asset Management has opened a UK fiduciary management business, promising a "truly open architecture" approach to deliver "better client outcomes".