Building materials giant LafargeHolcim has changed the default fund and administration of its defined contribution pension scheme following a value-for-money assessment.
Telegraph Media Group has welcomed the downside protection brought in by the addition of smart beta to its default defined contribution target date funds, despite concerns over hidden dangers within the investment style.
Textile rental provider Johnson Service Group has committed to paying £1.5m to its defined benefit scheme following the £8.25m sale of its dry cleaning business to Timpson Group.
Public sector union Unison has protested against Bangor University’s plans to raise pension contributions, but despite the demurral, changes will be going ahead this month.
The Babcock International Group Pension Scheme is moving its communications online in an attempt to cut costs, boost efficiency and better reflect the preferences of members.
The Pensions Regulator has imposed its first fines against mastertrusts for failing to complete a chair’s statement, as it signals a hard approach to dealing with defined contribution administration lapses.
Comment & Analysis
As defined contribution schemes are now often the sole pension scheme open to employees, DC scheme design, including the option of having age-related contributions, takes centre-stage. So what needs to be kept in mind to avoid age discrimination?
Editorial: A total of £5,000 might not be an awful lot for companies, but if it means their reputation suffers, it could lead to much greater losses.
Hymans Robertson's Sharon Bellingham looks at the challenges facing the Lifetime Isa, the need for clear communication around its implementation, and whether it means people will stop saving into pensions.
Video: As the Pensions and Lifetime Savings Association has highlighted four areas for potential change to the defined benefit landscape, Ashok Gupta, who chairs its DB Taskforce, talks about the proposals and the taskforce's aims.
Video: As the Bank of England has cut rates and launched into a new round of quantitative easing, what are the effects on pension schemes and where can they seek cover? Aon Hewitt partner Lynda Whitney gives answers.
Video: Jay Shah, head of origination at specialist insurer Pension Insurance Corporation, and Susan Anyan, client director at professional trustee company Capital Cranfield, break down the impact of Brexit on schemes' ability and desire to derisk.