AON CONSULTING is overhauling its UK defined benefit pension plans in a bid to slash costs and improve management.
The actuarial and benefit consultancy has proposed to close its scheme to future accrual by existing members subject to both trustee approval and member consultation. Aon’s UK defined benefit plans...
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.