News

A committee of MPs has called for zero-hours contracts to be scrapped across the UK, as it says the use of such contracts is creating a two-tier workforce.

Mercer has been appointed as the preferred provider of defined contribution (DC) schemes to more than 200 UK higher and further education institutions.

The Consumer Prices Index (CPI) fell for a sixth consecutive month in March to hit a four-year low, according to latest figures from the Office for National Statistics (ONS).

Requests for environmental, social and governance (ESG) risk monitoring are on the increase as investors show greater interest in responsible investment, AXA Investment Managers (AXA IM) says.

Seven out of ten pension industry members back extending defined contribution (DC) flexibilities to defined benefit (DB) members, according to an Aon Hewitt survey.

Falkirk Pension Fund has awarded a £30m mandate to the Hearthstone Investments Housing Fund for Scotland.

Many trust-based DC pension schemes already offer more than the ‘guidance guarantee' to their members and are worried about being forced to ‘dumb down' standards, according to the National Association of Pension Funds (NAPF).

Employers understand group income protection (GIP) best when receiving financial advice, but otherwise ignorance is widespread, according to Canada Life statistics.

The majority of defined contribution (DC) savers plan to take their pension pot as cash once restrictions are removed, according to Barclays Corporate and Employer Solutions (C&ES).

The Department for Work and Pensions (DWP) has revised down its opt-out rate estimate for auto-enrolment (AE) from 30% to 15%.