Even with the implementation of a sound and wise code of practice, there is a danger that offers of enhanced transfer values by defined benefit pension schemes to their members are a thing of the past.
More than one-third of private sector employers support the government's view on guaranteed minimum pensions requirements, a JLT Benefit Solutions study shows.
JLT Benefit Solutions has launched a de-risking service to allow deferred members over the age of 55 to transfer out of defined benefit schemes into an immediate vesting personal pension.
Employers can increase the value of their employees' pension pots by up to 40% purely through better governance, without upping their contributions, JLT Benefit Solutions research has claimed.
Scottish employers are not preparing for an ageing workforce, a JLT survey shows.
The vast majority of employers are still not completely up to speed with auto-enrolment requirements with less than 12 months until duties begin, a poll shows.
The vast majority of employers are still not completely up to speed with auto-enrolment requirements with less than a year until duties begin, a poll shows.
The Actuarial Profession has suggested scheme actuaries be barred from advising companies on funding but stopped short of proposing an outright ban on actuaries working for both trustee and sponsor.