News

Almost half (48%) of UK companies do not believe the benefit programmes they have in place today will be fit for purpose in 2020, a report by the Economist Intelligence Unit reveals.

Businesses should be encouraged to support their employees, suppliers and visitors to be active while at work, or travelling to or from it, a parliamentary report says.

National Employment Savings Trust (NEST) has appointed Allianz Global Investors (GI) Global Solutions as investment strategy adviser.

Changes at the Office for National Statistics (ONS) which will count future pension rights as if they were present income will turn the UK into a nation of savers instantly, the Telegraph reports.

The insurance industry is capable of cost effectively delivering the Chancellor's ‘retirement advice for all' pledge, but passing the "impartially test" would be challenging, Otto Thoresen has told MPs.

Grant Thornton's audit quality director Josephine Jackson is set to join the Financial Reporting Council (FRC) as technical adviser to the director of audit policy Marek Grabowski.

Three hundred thousand more employees are now covered by group risk insurance through their workplace than a year ago, according to the latest market analysis.

The aggregate deficit of schemes in the PPF 7800 index dropped by an estimated £140.8bn last year, according to the Pension Protection Fund's (PPF) March 2014 update.

Profund is launching an automated end-to-end administration system designed to streamline pension payroll processes for defined benefit (DB), defined contribution (DC), career average revalued earnings (CARE), and hybrid schemes.

The BP Pension Scheme has purchased a Worcester-based Sainsbury's supermarket store from M&G Investments in a deal worth £27.25m.