News

The impending Pensions Administration Standard Association (PASA) code of conduct on transfers is likely to ban administrators from withholding manual calculation sheets when schemes change providers, PP understands.

The Royal Bank of Scotland is to increase its employees' default contribution level to 10%, a year after the bank commenced auto-enrolment.

The Bentley pension scheme has agreed a deal with Deutsche Bank's Abbey Life to hedge the longevity risk associated with £400m of its liabilities.

Industry figures have welcomed the Work and Pensions Committee's call for a single regulator for trust- and contract-based schemes.

Contractors may have to pay final salary benefits to former public sector workers despite local government pension scheme (LGPS) reforms, a lawyer warns.

The number of master trust propositions on the market will contract in the next five years, an employee benefits consultant says.

The pensions industry could face legal challenges from members who have been locked into lifestyle strategies, according to a defined contribution specialist.

The industry has spent "millions" on inadequate technology and must take it "more seriously" in order to improve member experience, says an IT specialist.

Employers need to fully research the healthcare system in destinations where employees are being relocated, as increasing numbers of expats return home after failing to budget adequately, Jelf Employee Benefits has warned.

Andrew Tyrie, chairman of the Treasury Committee, and Andrew Bailey, executive director of the new Prudential Regulation Authority (PRA), have rounded on the European Union (EU) over its "shocking" implementation of Solvency II.