HSBC is to cut pension payments to its highest executives from next year as part of plans to bring its policy in line with other top FTSE companies, according to reports.
Schemes need to customise communications to members more to avoid sending out the wrong messages, according to HSBC pension scheme chief investment officer Mark Thompson.
Executives at blue chip companies had average employer contributions worth 34.1% of salary last year, according to the Trades Union Congress (TUC).
The 0.75% charge cap on auto-enrolment default funds does not prevent investors from using active management in volatile sectors where it can add value, says HSBC Global Asset Management.
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More than one in four Brits believe people should spend all their money in retirement and leave the next generation to fend for themselves, according to research.
Lesley Alexander has been appointed managing director of Ferrier Pearce.
Many UK workers are facing a significant shortfall in their retirement incomes as a result of the global economic downturn in 2008 according to research from HSBC.
The shakeup coming to pensions in April 2015 has given trustees of defined contribution (DC) schemes a lot to think about. High on the list of concerns is what to do with their investment strategies.
The HSBC Pension Scheme has moved £1.8m of its defined contribution (DC) assets that had previously been managed in-house onto Fidelity's investment platform.