UK employers are lagging behind in terms of the proportion of pension contributions they are providing to their staff, a study of worldwide defined contribution (DC) provision reveals.
While UK employers will offer on average 37.5% of the 8% total minimum contributions from 2019, under auto-enrolment (AE), this is considerably lower than those provided to employees across the globe....
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.