News

Deficits in UK defined benefit schemes remained at "eye-watering" levels in May and are more than 50% higher than they were this time last year, according to JLT Employee Benefits.

Defined contribution (DC) schemes at some of the UK's biggest companies are speeding up diversification of their default funds, according to a report by Schroders.

Nearly two thirds (62%) of British workers have at most extremely limited knowledge of the pension reforms introduced by the last government says Towers Watson.

The deputy pensions ombudsman (DPO) has thrown out a complaint against Thames Water alleging it unfairly reduced an ex-employee's pension.

The government has formally announced its plans to double free childcare hours for three and four-year-old children and expects to introduce the measures next year.

Barnett Waddingham has made Sue Foley, Gavin Markham and Oliver McCulloch partners and promoted nine to associate.

Price Bailey is rewarding 300 employees with a stake in the firm after divving out millions of shares.

Capita Employee Benefits and JLT Employee Benefits have signed up to use RiskFirst's PFaroe risk analysis software.

Workers from three unions at Tata Steel have voted to strike over the company's proposal to close the British Steel pension scheme (BSPS).

The National Hairdressers' Federation (NHF) is opening its pension scheme to all salon owners to use for auto-enrolment.