News

A VOLUNTARY code of conduct for the private equity industry will not reassure staff at takeover target firms that their pensions are safe, union leaders warn.

HIGH earners are more likely to benefit from flexible working than those on less than £25,000 a year, a report has revealed.

WORKERS at the Rosyth Royal Dockyard are being balloted on strike action over pension cuts.

Retail and banking giants - including Asda, Marks & Spencer and HSBC - are creating an age-diverse workforce through innovative recruitment policies, research shows.

UK - A survey from Hewitt Associates has said many additional voluntary contribution (AVC) pension schemes in the UK are not doing enough to help members understand their investment options and drive value for money.

HARVEST Housing is giving its 520 staff healthcare cover through a cash plan from HealthSure.

IRELAND - The value of the National Pensions Reserve Fund (NPRF) rose to €18.9bn in 2006 aided by investment returns and an annual cash injection from the government.

UK - Schroders has disclosed plans to launch a product which would enable smaller pension funds to access alternative investments "in a managed way".

The publication of a draft "library" of mortality assumptions is a reminder that scheme surpluses could be illusory, Hewitt Associates claims.

The rapid growth of self-invested personal pensions has created a number of myths which need to be debunked, Hargreaves Lansdown claims.