News

National Employment Savings Trust Corporation has admitted scaling back its take up projections, and said the auto-enrolment delay for small businesses will increase its loan repayments.

The restrictions on the National Employment Savings Trust may no longer be appropriate, two of its chief officers told MPs.

Mercer has slammed the government for its handling of auto-enrolment, criticising ministers for turning a "deaf ear" to employers needing clarity over the new duties.

The Pension Protection Fund 2012/13 levy determination has been set at £550 - the lowest ever demand.

Gilt yields hit a new record low yesterday as investors continued to buy up UK debt amid concerns the European Union has not done enough to avert a financial meltdown.

Helm Godfrey has expanded its corporate consultant team in the run-up to auto-enrolment.

Annuity rates have fallen across the board for December as gilt yields have plunged to record lows.

UK CPI inflation fell from 5% to 4.8% in November, the Office for National Statistics has said, in line with economists' forecasts.

Defined benefit funding ratios continued to fall last month with deficits rising by almost £65bn, according to the PPF 7800 Index.

Food giant Unilever has been labelled a "modern day Scrooge" after it withdrew the offer of a £15 Sainsbury's Christmas voucher for workers protesting changes to their pensions.