Two-fifths of larger employers are considering levelling down pension provision when auto-enrolment comes into force, Association of Consulting Actuaries research finds.
The trade body's survey of 210 large private and public sector employers found 41% were likely or highly likely to level down pension provision in order to mitigate the cost of newly pensioned employees....
The Co-operative Group's Somerfield Pension Scheme has completed a buy-in with Pension Insurance Corporation (PIC), insuring the benefits of its pensioner members.
Caroline Rookes CBE and Michele Hirons-Wood have joined The Pension Superfund's board of trustees to focus on maintaining governance standards and safeguarding member benefits.
The first specialist independent firm advising pension schemes on bulk annuities or moving to a consolidator has been set up with ambitions to shake up the market.