News

One in four schemes offered by employers are either definitely not auto-enrolment compliant or have not yet been tested for compliance, Capita Hartshead says.

Severn Trent has established a new defined contribution scheme which will replace the current DC and defined benefit plans by 2015.

Guidance banning trustees from dealing with people and organisations on the Treasury's financial sanctions list will create an administrative nightmare, warns an independent trustee.

The British Medical Association has voted in favour of industrial action in protest against reforms to the NHS pension scheme.

FTSE100 company defined contribution schemes' use of default options has increased from 82% to 92% over the past year but a fifth of defaults do not meet government standards, a consultant says.

The leaders of the four biggest parties in the Welsh Assembly have urged Iain Duncan Smith to reinstate the full pensions of former Allied Steel and Wire workers.

The Actuarial Profession's Continuous Mortality Investigation suggests schemes must hold 10% more assets per pound of benefit promised for managers than for lower paid employees, Mercer says.

Equity allocations by UK schemes have dropped from 47% to 43%, with a further four in ten schemes intending to reduce their deomstic exposure more next year, Mercer research suggests.

The Pensions Regulator must investigate the way in which employers consult with their workforces on scheme changes, the Association of Member Nominated Trustees says.

HSBC has weathered this year's shareholder backlash against executive pay, with a lower vote against its remuneration package than last year.