An occupational pension scheme is a retirement savings plan provided by an employer for its employees. The most common plan is the group personal pension (GPP), while other ‘contract-based’ ‘defined contribution’ schemes are the stakeholder and group self invested personal pension (Sipp). Pensions run by a trustee board are the money purchase defined contribution scheme and the once-popular defined benefit plan (such as final salary).
Corporate plan sets out approach to regulate DB and DC pensions.
It is aimed at creating understanding around employer contributions.
Transaction covers £63m of pensioner liabilities.
The scheme is portable to address industry-specific issues.
Mercer research: Average equity allocation falls to 39%.
It will mirror the governance structure of the provider’s master trust.
In light of the reduction of the lifetime limit due to take effect in 2014.
Auto-enrolment brings challenges to the DC market.
GPPs shift the pension administration burden from employers and help to drive down charges.
Rewards can be great for offshore workers, but benefits can vary.
How do pension rights differ for partners with different relationship statuses?
Employers should help staff plan for retirement.
Many large employers use multiple schemes to comply.
Oilfield services firm offers expat employees a DB pension plan.
At-retirement planning is part of Volkswagen’s benefits provision.
Good news for pensions savers: early retirement will not be as good as we think
Cross-industry, and cross-party support pulling in the same direction
Why are some service providers not ready for law changes?