The proportion of employees earning the legal minimum wage could double over the next five years as the national minimum wage (NMW) increase comes into effect.
Today sees the NMW rise to £6.70 per hour for most workers. This will be followed by the introduction of the government's national living wage in April which will take it to £7.20 for those aged over 23....
The Pension Protection Fund (PPF) is consulting on proposals to charge a "risk reflective" levy for commercial defined benefit (DB) consolidation vehicles.
The funding gap across FTSE 350 schemes could be slashed by as much as £275bn if schemes look beyond traditional ways of creating value. Victoria Ticha examines how
There will be "many flavours" of defined benefit (DB) consolidators but consolidation will only be the right answer for a minority of schemes, Alan Rubenstein says.
Work and Pensions Committee (WPC) chairman Frank Field has questioned the regulator on what lessons it can learn from the experience of the Kodak Pension Plan No.2 (KPP2).