EMPLOYEES with final salary pensions are being asked to pay more and work for longer to stay in their scheme, latest research from Watson Wyatt reveals.
However, in its 2006 pension plan design survey, the actuarial consultant said that the average member contribution of 5.2pc of salary still left employees with an “excellent pension deal”. The survey...
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers