Cash-strapped employers intent on closing their defined benefit schemes entirely should rethink their plans as alternative strategies could save them money, Aon Hewitt says.
The consultant said closing the scheme to future accrual or freezing can leave sponsors to deal with a massive deficit. It urged employers to consider other options, such as maintaining the scheme with...
The Next Generation Pensions Committee is on a mission to promote and encourage younger voices in the industry. Kim Kaveh looks at its key objectives
This week's top stories included an analysis finding the cost of equalising guaranteed minimum pensions in schemes could hit FTSE 100 profits by up to £15bn.
Employers whose dividend to deficit recovery contribution (DRCs) ratios fall outside the "normal range" should expect to see higher regulatory scrutiny, although no fixed ratio will be set.
Investment consultants and fiduciary managers should expect a final decision on the investigation into the market to be published by the end of the year, the competition watchdog says.