Employers are downgrading their pensions offering on the back of auto-enrolment (AE) in order to "hoodwink" employees into thinking it is part of the legislation, lawyers claim.
Over the last two years, the industry has seen many firms close or amend defined benefit (DB) schemes in order to combat the costs of auto-enrolling its staff. Taylor Wessing senior counsel Louise Howard...
Royal London saw its new group pension business decline over the first half of 2018 as the rollout of auto-enrolment (AE) drew to a close, according to its interim results.
Now Pensions has made "huge progress" in resolving legacy administration issues - switching systems and completing unit adjustment for a "large proportion" of members, it says.
Trustees of the Airways Pension Scheme (APS) will not make a firm decision on whether to appeal the Court of Appeal's judgment on discretionary increase payments until September.
Accountant Hashmukh Shah has pleaded guilty to deliberately providing false information to The Pensions Regulator (TPR) when stating a pension scheme had been set up for staff of a London-based restaurant.