News

Predictions auto-enrolment will boost scheme take-up rates among low earners are ‘over-optimistic', Standard Life warns.

The 2% upfront charge on contributions into the National Employment Savings Trust is part of an "outstanding deal," delegates heard.

Schemes of all sizes should employ straight through processing ahead of 2012 to ensure they are braced for the swathe of administration work which will follow auto-enrolment.

AUSTRALIA - Superannuation funds First State Super and Health Super have confirmed plans to merge to create one A$28bn ($27.6bn) scheme, one of the largest in the country.

AUSTRALIA/CANADA - Intoll shareholders have voted in favour of the company's A$3.5bn ($3.1bn) acquisition by the Canada Pension Plan Investment Board (CPPIB).

Almost half of delegates said they will look to de-risk their schemes by retaining risk on the balance sheet and manage it using their investment strategy.

The government's decision to switch pension indexation to the Consumer Prices Index is "policy on the hoof", the Labour pensions spokeswoman says.

Shadow pensions minister Rachel Reeves on auto-enrolment

Schemes may have missed the boat in reforming employee benefit structures to reduce longevity risk, an expert says.

Current pensions legislation is restricting risk sharing between members and employers and should be radically reformed, a panel of actuaries says.