Certainty will emerge from chaos
Nothing is ever straightforward in the world of benefits, and I am beginning to understand why calls for simplification of our pensions system have so often gone unheeded.At times it feels like...
Pensions
Working party publishes broad consultancy charging guidelines, but detail left to advisers
The Consultancy Charging Working Group has set out guidelines and best practice directions for post-RDR renumeration of workplace pensions, but has not made any detailed recommendations on how much advisers should charge...
ECJ gender ruling – pensions industry reeling at lower incomes and uncertain future
The pensions industry faces uncertainty and lower incomes across the board as a result of the European Court of Justice’s ban on gender underwriting, say experts. But the PMI and group risk...
Late flurry takes 2010 buyout market over £8bn
A flurry of late activity saw £1.6 billion of derisking deals complete in the fourth quarter, taking deals in 2010 to £8.1bn, an increase of 8 per cent from 2009, according to...
iPad HR app first for Towers Watson
Towers Watson has launched what it describes as the HR industry’s first iPad app that gives human resource and benefit professionals instant access to critical human capital data from around the globe.TWGlobal50,...
Benefits consultants lagging on service
Employee benefit consultants are falling behind other business sectors when it comes to meeting clients’ needs according to Investor in Customers, the service standard experts.Their new Employee Benefits Sector Report looks at...
ACA at odds with NAPF and fund managers as it supports pension early access
Southall: “It makes little sense” The Association of Consulting Actuaries has thrown its support behind early access to pension, contradicting responses from the NAPF and figures in the fund management industry.Responding to...
DWP research into vesting rules shows schemes defaulting leavers out
Employers are defaulting leavers into short service refunds if they do not reply to correspondence asking them if they want to remain in the scheme, according to DWP research into vesting and...
Increase in over 65s still in work, despite the recession – ONS
An increasing number of people aged 65 and over have remained in work over the last decade, despite the recession, figures from the Office for National Statistics have shown. In 2001, around...
Opinions split on effect of contracting out ban on employers offering DB
The effect of the phasing out of contracting out for defined benefit schemes is dividing opinion amongst pension experts.Towers Watson says the move will lead to more employers closing these schemes to...
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