News

Around half of business owners have no pension savings and most say they cannot afford to save, Prudential research says.

The Pensions Advisory Service is bracing for a "significant" increase in enquiries from newly enrolled workers as auto-enrolment kicks off in earnest this month.

Former pensions minister Malcolm Wicks, who was one of the architects of auto-enrolment, has died aged 65.

Buck Consultants has added its voice to those calling for minimum auto-enrolment contributions to be increased significantly.

OCR has secured a buyout with Metlife Assurance for its £11m RSA Examinations Board Retirement Benefits Scheme.

Standard Life has revealed its updated consultancy charging options, which are compatible with retail distribution review criteria and the introduction of auto-enrolment.

Standard Life Investments has appointed John Devine to its board as a non-executive director.

The Pensions Management Institute has launched an auto-enrolment qualification.

The newly improved Professional Pensions will be revealed on Wednesday 3 October.

FTSE350 scheme deficits have remained virtually unchanged since 2002 while FTSE100 longevity assumptions have increased for the sixth year running, Mercer says.