Pensions
An occupational pension scheme is retirement savings plan provided by an employer for its employees. The defined benefit plan (final salary) used to be the most popular scheme on offer, but now stakeholder, group personal pension, group self invested personal pension, and money purchase (all defined contribution schemes) are becoming more popular; while there is some interest in career average and hybrid pension arrangements. Starting in 2012 UK employers will have to auto enrol all staff into a pension arrangement, or use the incoming personal accounts.
Definition of common pension terms
Buyer’s guides & How to evaluate pensions 2007
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News
Nissan Motors reappoints Mercer as global retirement consultants
Nissan Motors has appointed Mercer as its global retirement consultant for the second year running. Mercer will advise Nissan on pension governance all over the world. The move will strengthen the business relationship between Nissan and Mercer Japan, and also provide an opportunity to further the partnership between Nissan’s overseas subsidiaries and Mercer globally.
08 Feb Pension Protection Fund to face 'increasing challenges'
04 Feb Liberty International insures pension benefits in GBP61m buy-out deal
01 Feb IFF research: Most employees expect to retire between ages 61 and 65
01 Feb Pada settles on national employment savings trust (Nest) for personal accounts
Analysis
How employers can prepare for 2012 pension reforms
The Pensions Act 2008, which is due to come into effect in 2012, will, for the first time place a legal duty on employers to enrol most employees into a pension scheme and contribute towards their retirement. The move is aimed at getting an estimated seven million extra workers saving for retirement.
01 Feb Why group self invested personal pensions (Sipps) are becoming popular in the workplace
01 Feb Make communications about pensions investment more meaningful
01 Feb Factors to consider in defined contribution pension investments
01 Feb Sponsor's comment: Employees must take advantage of flexibility in pension options
Case Studies
Case Study: Babcock International
Engineering firm Babcock International has done a deal to take the risk of retirees living longer than expected out of its defined benefit (DB) pension scheme. The deal, known as a longevity swap, paid Credit Suisse
27 Jan Nissan Motors reappoints Mercer as global retirement consultants
08 Apr Case Study: The International Union for Conservation of Nature
08 Apr Case Study: Honda
08 Apr Case Study: Molton Brown
04 Aug Wolters Kluwer harmonises pension schemes into one GPP
Research
Employers concerned over pensions' value for money
Most employers do not think they are getting value for the money they spend on pensions provision.
01 Feb IFF research: Most employees expect to retire between ages 61 and 65
04 Jan Ongoing pension reviews see DB schemes being fazed out
17 Dec DC pension savings rebound by £103bn during 2009
07 Dec Final salary pension schemes holding back employer recovery
