The possible move from Retail Prices Indexation to Consumer Prices Indexation to index private sector pension increases will force schemes to amend de-risking contracts, industry figures say.
IRELAND - Defined contribution scheme investors should avoid long-term bonds as the trend towards historically low interest rates is likely to reverse over the medium term, Hewitt Associates believes.
Employers must start preparing for the major pension tax regime changes due to be implemented in April 2011, Hewitt Associates says.
Hewitt Associates will acquire US consulting firm EnnisKnupp, a move Hewitt said sweetened its merger deal with Aon Consulting announced less than two weeks ago.
US - Hewitt Associates will acquire US consulting firm EnnisKnupp, a move Hewitt said sweetened its merger deal with Aon Consulting announced less than two weeks ago.
The Pensions Regulator's strengthened guidance on transfer incentives is permeated by a "presumption of guilt", industry figures say.
GLOBAL - Aon Hewitt will deliver cost savings of $355m (£235m) a year through cuts in both back and front office operations, Aon Corporation has said.
Aon Hewitt will deliver cost savings of $355m (£235m) a year through cuts in both back and front office operations, Aon Corporation says.
The merger between Aon Consulting and Hewitt Associates marks yet another step in industry consolidation.
The merger between Aon Consulting and Hewitt Associates marks yet another step in industry consolidation.