Open schemes cost £95 10 £160 per member each year

FTAdviser latest:Occupational DC schemes wasting employers £85m

Story by: Dominic Welling, FTAdviser

UK employers waste around £85m each year on the running of occupational defined contribution pension schemes.

  • Time published: 10:26
  • Date published: 08.01.2009
  • Published in: Pensions

Insurers ask for clarification over DWP proposals

Further consultation by the Department of Work and Pensions (DWP) must eradicate any ambiguity for employers about age discrimination and flexible retirement, according to Standard Life and Aegon.

  • Date published: 08.01.2009

UK pension funds fell into negative territory in 2008

The average UK pension fund fell into negative territory last year, achieving an estimated weighted average return of -9.8 per cent for the year ending 31 December 2008.

  • Date published: 07.01.2009

PPF consults industry on pension protection levy

Industry members have been offered the chance to debate proposals for the future of the pension protection levy during a series of national roadshows to be held by the Pension Protection Fund (PPF).

  • Date published: 06.01.2009

Friends Provident simplifies choice for company pensions

Friends Provident has simplified its fund choice for company pension schemes after research identified that too much choice could act as a disincentive to the investment decision making.

  • Date published: 05.01.2009

Nine out of 10 small firms' DB schemes closed to new entrants

More than nine out of 10 defined benefit pensions schemes at firms with 250 or fewer employees are now closed to new entrants, while a further half of them are also closed to future accrual.

  • Date published: 05.01.2009

Reform needed to stem closures of defined benefit schemes: CBI

An increasing number of defined benefit pension schemes have been closed due to their rising costs, the Pension Protection Fund (PPF) and Pensions Regulator have highlighted in the latest edition of The Purple Book.

  • Date published: 23.12.2008

Employees still planning to rely on state pension

A fourth of employees (41 per cent) either do not think they are doing enough to provide for their retirement or are planning to rely on the state pension to fund their futures.

  • Date published: 19.12.2008

DWP to re-evaluate PPF efficiency

Further work on how collective defined contribution schemes might operate is to take place, the department for work and pensions announced in its response to its risk-sharing consultation.

  • Date published: 18.12.2008

PPF paid out £4.8m during November

The Pension Protection Fund (PPF) took on one more pension scheme last month (November), resulting in a further 402 people receiving compensation, or due to in future.

  • Date published: 17.12.2008

Features

When pension funds head south

Two forecasts of a low-growth decade for Britain paint a beak picture for defined benefit schemes

  • Time published: 00:01
  • Date published: 08.01.2009

Advertising

Features

Mystery shopper Oxfordshire

Oxfordshire is the destination of choice this week, as the mystery shopper asks about advisers about pensions.

  • Time published: 00:01
  • Date published: 20.11.2008

Features

Pensions spotlight - Risk sharing vital for occupational pensions

Contradictory industry responses to a tactless DWP paper could allow HMG to shelve the issues, reports John Chapman

  • Time published: 00:01
  • Date published: 01.11.2008

FT Adviser Directory

FTAdviser's Directory offers a host of opportunities to improve your business.

Visit now

FTAdviser  Jobs  RSS