Kingfisher has increased its defined benefit surplus after closing its scheme to future accrual during the 2012/13 financial year, its preliminary results show.
The majority of contributors were satisfied that defined contribution investment strategies adequately reflected the differing risks associating with people of different ages. But a third of respondents said there was room for improvement.
This week contributors reject the idea schemes should lend directly to businesses, give cautious backing to DC investment strategies and shrug off the failure of the Wheels case.
In the latest of PP’s series of Scheme Excellence interviews, Jack Jones talks to Heineken UK pensions manager Carol Young.
Steve Webb’s ‘stunning sales pitch’ for guaranteed DC is controversial. Helen Morrissey investigates.
Helen Morrissey questions the pensions minister's latest 'sales pitch'
Government reform is already underway, so why the noise? Rachel Dalton asks
Defined contribution schemes have serious defects which must be tackled by employers, government and the pensions industry to help address the nation's ageing population, an influential House of Lords committee warns.
Prudential's 2012 corporate pension sales have remained at a fifth lower than 2011's level as the business remains focused on increasing revenue from existing clients instead of acquiring new business, its final results show.
Aviva has scrapped plans to add a group ISA and group SIPP to its employee benefits platform, Work:Life.