News

Sponsoring employers who use spare cash to reduce scheme deficits could see a huge hike in their scheme's Pensions Protection Fund (PPF) levy as a result, warn consultants.

Huge swathes of the population risk missing out on pension contributions because they do not qualify for auto-enrolment.

DHL has denied it is considering changing or closing its Voyager defined contribution (DC) pension scheme.

The Pensions Regulator (TPR) has launched 89 investigations into possible non-compliance with auto-enrolment (AE) duties by large employers.

The Pension Protection Fund (PPF) has switched providers of the employer insolvency risk ratings it uses to calculate scheme levies.

DHL is proposing to close its final salary pension scheme at the end of the year and has yet to guarantee the future of its highest contribution defined contribution (DC) offering.

Auto-enrolment (AE) "takes away savers' choices, treats them like children and should be overhauled", according to financial advisers True Potential.

The Department for Work and Pensions (DWP) has pushed back plans to simplify scheme disclosure regulations after the industry warned its original October 2013 implementation date was too soon.

Diageo saw the deficit in its UK and Ireland defined benefit schemes fall from £1.1bn to £552m over the year to the end of June.

The UK population above retirement age has grown faster than any other cohort over the last decade, the Office for National Statistics (ONS) reveals.