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
Alliance Boots offloads pensions liabilities
Alliance Boots has outsourced the running of part of its pension plan to the Pension Insurance Corporation (PIC). Trustees of the Alliance UniChem UK group pension scheme have insured its members’ past service benefits for future payments.
02 Sep BBC staff vote to strike over pension changes
02 Sep Half of UK staff have never reviewed their pension plans
02 Sep Changes to annual allowance will result in lack of faith in pensions
01 Sep Proposed reform of local government pensions
Analysis
How coalition government's measures affect benefits
The new coalition government has been busy in its first 100 days, and the benefits industry is feeling the effects, says Debbie Lovewell
01 Sep Ethical investment of pension funds
01 Sep Update on the Retail Distribution Review
02 Aug News analysis: Will pension inflation index change add up?
02 Aug The big question: Should pensions auto-enrolment go ahead?
Case Studies
Case Study: Fidelity
Fidelity National Information Services achieved good results by using face-to-face methods to communicate its group personal pension (GPP) scheme.
01 Mar Employer profile: Capital One
23 Feb Babcock International to consolidate defined contribution (DC) schemes
17 Feb Reader’s Digest UK goes into administration over pension fund
11 Feb Marine Harvest (Scotland) switches providers for pensions services
Research
Employers may level down pensions to meet auto-enrolment costs
Research conducted by the Association of Consulting actuaries suggests that 41% of employers are likely to level down pension benefits to meet the cost of auto-enrolment.
02 Sep Half of UK staff have never reviewed their pension plans
31 Aug Annuity rates hit all-time low
27 Aug University pension schemes' funding levels drop
24 Aug Number of final salary pension schemes falls
18 Aug Pension Capital Strategies research: Pensions buyouts total £2.2 billion
