TWO-THIRDS of companies are planning to reduce scheme contribution rates as they find it increasingly difficult to meet cash obligations, Aon Consulting warns.
The consultant said employers had been paying large contributions to deal with defined benefit scheme deficits – and were planning for rates to decrease next year. But it warned deficits had increased...
The Pensions and Lifetime Savings Association (PLSA) is in the process of convening an industry-wide group to take forward the work of the Institutional Disclosure Working Group (IDWG).
The Transfers and Re-registration Industry Group (TRIG) has given its support to an initiative which aims to complete occupational pension transfers within three weeks.
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.