News

ONLINE bank First Direct has relaunched its total reward statements to help employees get a clear understanding of the flexible benefits on offer.

US - Almost half of plan sponsors feel the new pension rules require attention in areas where internal resources are not presently focused, a poll by SEI has found.

FIRMS are failing to get best value out of special contributions to schemes, PricewaterhouseCoopers says.

PENSION schemes should review their contracting-out arrangements to avoid paying voluntary tax of £3bn per year to the Treasury, advisers warn.

SWEDEN - The European Commission has referred Sweden to the European Court of Justice accused of "discriminating against foreign pension funds".

THE NATIONAL Association of Pension Funds is set to transfer its historical records to The Pensions Archive Trust.

Solicitors representing the Pensions Action Group's judicial review have launched a formal complaint against the government's lawyers for delaying proceedings.

THE ENGINEERING Employ-ers' Federation Staff Pension Fund has appointed DC Link as third-party administrator to its multi-employer pension scheme.

TAXPAYER liability for civil service pensions will be capped if increases in longevity exceed predictions, a Cabinet Office minister says.

Many observers outside the industry like to conjure up images of trustees poring over ancient trust deeds and using quills to make any amendments.