A quarter of employers say their employees are cutting or suspending pension contributions because of the financial downturn, latest research from Punter Southall reveals.
However, the consultant's research also revealed only 1-in-10 employers had reduced their own contributions. Punter Southall head of corporate DC Damian Stancombe said: "The credit crunch has led to...
Coats' pension scheme members are not entitled to annual increases of 5%, the High Court has ruled in a rare instance of a court overturning a decision of The Pensions Ombudsman.
Trustees of the Airways Pension Scheme (APS) have been granted permission to use more than £1m of scheme assets to fund an appeal over discretionary increases.
Chancellor Philip Hammond is being pressed to tackle the impact of pensions allowances on the NHS' ability to recruit and retain staff.