CLOSING final salary schemes to new entrants will not keep long term costs down, Scottish Life warns.
Many schemes rely on the influx of new members to maintain average costs yet these costs will rise if it is closed to new employees, head of pensions strategy Steve Bee claimed. Bee explained that...
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.