Consultant Mercer has added another defined contribution heavy hitter to its team with a senior appointment from Towers Watson.
Consultancies and fund managers are undertaking a massive expansion of their defined contribution teams in a bid to meet client demand ahead of auto-enrolment, PP can reveal.
Almost 90% of employees now have less trust in their company pension than 15 years ago - up from 74% in 2008, Towers Watson research reveals.
Towers Watson has continued the expansion of its defined contribution consulting team with three key appointments.
British Airways' Airways Pension Scheme has announced a further £1.3bn longevity insurance contract - taking its hedge on increasing life expectancy to 40% of pensions in payment.
Spiralling defined benefit costs and uncertainty over future European Union scheme solvency proposals are constraining UK business performance, a survey of leading chief executive shows.
KPMG has expanded its pension team with the appointment of a director to its South of England team from Towers Watson.
The ongoing turmoil in the markets has triggered a dramatic trebling of FTSE100 companies' pension deficits in the last week, according to Towers Watson research.
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