FirstGroup has changed the accrual rates of its career average scheme and will introduce a defined contribution scheme for auto-enrolment.
Forcing employers to auto-enrol agency workers will be costly for businesses and deter saving among temporary staff, an MP warns.
It has been almost seven years since the Pensions Commission proposals paved the way for auto-enrolment. Ian Bell of Baker Tilly asks why it feels the industry is not quite as prepared as it should be.
Auto-enrolment legislation needs to be redrafted to clarify whether employees are allowed to obtain and complete opt-out forms before their enrolment date, argue lawyers and consultants.
The Pensions Regulator has launched an online service to help companies who want to bring forward their staging date for auto-enrolment.
Pension managers are increasingly frustrated with the service payroll providers are providing during auto-enrolment preparation, research from Anthony Hodges Consulting shows.
Plans to exempt UK employers from having to auto-enrol staff working in Europe have won the backing of the National Association of Pension Funds.
Defined benefit payouts will peak this year before tailing off as the impact of scheme closures is felt, says the Department for Work and Pensions.