The Local Government Pension Scheme will become "unsustainable" following cuts outlined in last month's Comprehensive Spending Review, the GMB warns.
The trade body said under measures laid out in government's CSR to save an additional £1.8bn a year by 2014-15, 1.7 million council workers will be obliged to pay three percentage points extra into their...
This week's edition of Professional Pensions is out now.
Nearly 60% of UK employers consider defined contribution (DC) master trusts to be the "most suitable" pension fund for their employees, according to research by Buck.
Companies which have tried to dodge their pension duties by changing their identities are being "hunted" by The Pensions Regulator (TPR) in a crackdown on non-compliance with auto-enrolment (AE).
Removing liquidity restrictions would enable DC funds to capitalise on the potentially higher and safer returns that DB schemes have benefitted from, says Patrick Marshall.