Major changes to workplace pension provision due in the UK over the next two years are prompting schemes to overhaul their administration, Aon Hewitt says.
The consultant's third annual pension administration survey - which included responses from over 250 UK scheme managers and trustees - found 42% of respondents cited upcoming events as the likely trigger...
Partner Insight: Members' evolving needs and expectations are driving changes in scheme administration. As the pensions landscape inevitably continues to change, how will your scheme's approach need to develop to keep pace?
The Pensions Regulator (TPR) is "working closely" with government contractor Interserve and the trustees of its defined benefit (DB) pension schemes, it has confirmed.
The industry has welcomed the Department for Work and Pensions' (DWP) consultation on defined benefit (DB) consolidation as a way to address scheme covenant issues.
BMO Global Asset Management has opened a UK fiduciary management business, promising a "truly open architecture" approach to deliver "better client outcomes".