The Pensions Regulator's May 2013 auto-enrolment monthly progress report shows 509,000 eligible jobholders have been newly auto-enrolled into pension saving up to the end of April. That's about the same as the entire working age population of Britain's third biggest city, Leeds. So the long awaited sea change in retirement...
The UK Pensions Regulator (TPR) has warned trustees of defined benefit (DB) pension schemes that setting high deficit repayment contributions could actually impact the financial strength of the employer company. Currently, where the value of a DB scheme’s liabilities is greater than the value of its assets, trustees must set...
For Britain's biggest employers, such as Asda and Sainsbury's, pensions auto-enrolment (AE) went live in October 2012, with many thousands of smaller employers coming on stream from 2013. PwC's Richard Smith explains that navigating this new legislation can be highly complex. More than just an extra pensions cost, AE represents...
New PwC analysis reveals that a 22 year old woman being auto-enrolled in to a pension scheme from Monday is likely to end up receiving only roughly a third of her final salary as a pension, unless she contributes significantly more than the minimum requirements. This is less than half...
24th May (West Sussex), 28th May (Reading) and 30th May (Uxbridge) Managing your legacy defined benefit pension scheme has never been easy, but financial conditions have been particularly treacherous for scheme sponsors in recent months. Funding plans have been thrown off course by waves of economic uncertainty and market turmoil...
