Mercer has outsourced the payment of benefits to pensioners in 80 countries in a deal with Western Union Business Solutions.
The consultant said the payment process would be more streamlined and transparent and pensioner's details could now be validated before payments were made. Western Union said retirees whose pensions...
The top stories this week were the High Court's decision to block the £12bn annuity transfer from Prudential to Rothesay Life, and a separate court ruling that 'raises the bar' for pension rectification exercises.
Guaranteed minimum pension (GMP) equalisation has soared to the top of pension schemes' to-do lists, with 58% stating it is a priority project, research from Equiniti has revealed.
Professional Pensions is holding its defined contribution (DC) conference on 4 September.