Multinational companies are looking at innovative ways to redesign defined benefit schemes but will cut contributions by 10% in the process, Mercer research finds.
The consultant's research - analysing responses from 220 multinational companies in the UK, US Germany, France, Italy and the Benelux countries - found 33% are looking to make changes to their DB scheme...
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.