The University of Oxford has introduced a defined contribution scheme for new joiners and is making a number of other changes to reduce costs as universities are waking up to their pension deficits. One expert called the education sector ‘a disaster’ in pension terms.
Latest articles from Sandra Wolf
Scotland’s transport police could get separate scheme section
Members of the British Transport Police Force Superannuation Fund are set to be moved to a new section in the scheme from April 2019 if trustees agree, while new recruits will join the unfunded police arrangement or Local Government Pension Scheme.
Pensions still have a gender
Editorial: Pensions often have to catch up with societal shifts in areas such as relationships and family arrangements or gender choice.
Breaking the habit: Can life events make people more engaged with pensions?
There is growing support for using life events to teach people about pensions when they are thought to be more receptive and willing to change their behaviour, but it could be that humans are even more stubborn than we thought.
Combined Nuclear picks TDFs for flexibility
The trustees of the industry-wide Combined Nuclear Pension Plan have added target date funds to its defined contribution scheme, having put the move on hold when the pension freedoms were first announced.
Industries in turmoil
Editorial: The Carillion debacle is still unfolding and could yet reverberate across the professional services industry, while concerns mount over other outsourcing giants.
Nissan defies carmaker trend towards DC
Car manufacturer Nissan is consulting on a proposed switch to a career average scheme to reduce the volatility of its pension liabilities, amid recent and proposed moves to DC in the industry.
Cold call from a pensioner
Editorial: An elderly gentleman called me a few days ago at work. He was looking for someone who could help him access his pension pot.
Prepare for corporate events
Editorial: Covenant has shot right back up to the top of the agenda with Carillion’s collapse, GKN’s fight against a takeover, and Barclays’ split under ringfencing.
Musical chairs
Editorial: Protest, disappointment and even anger met the news that David Gauke, the politician with Treasury experience, has been moved from his post as work and pensions secretary in Theresa May’s latest Cabinet reshuffle. He was replaced by Esther McVey, the department’s 14th secretary of state in 20 years.
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