A decline in the number of active defined benefit pension schemes has fuelled a reduction in the cost of workplace benefits.
According to Towers Watson research, the average spend on employee benefits packages for companies with between 500 and 2,000 staff dropped below 15% of salary this year. The survey also found that...
Pension Insurance Corporation (PIC) has agreed to a 30 year debt investment in Phoenix Community Housing, a not-for-profit, resident-led housing association in London.
Royal London has announced plans to allow customers with guaranteed annuity rates (GARs) to convert their guarantees into a top-up for their pension pot, subject to High Court approval.
The Salvus Master Trust will welcome another 1,200 members and 20 employers as it absorbs the £7m Complete Master Trust.
Aon has appointed Emma Adair to lead client service for its UK investment team.