JLT Benefit Solutions

The trustee of The Hoover (1987) Pension Scheme has reappointed JLT Benefit Solutions for a five-year scheme administration deal.

Trustees and sponsoring employers could face unpredictable tax charges and complex issues arising from ‘scheme pays' legislation, JLT Benefit Solutions warns.

Fewer than one in five finance and HR directors at major companies are confident they know how much auto-enrolment will cost their firm overall, research shows.

Employers who operate pension funds which give short service refunds value the option and planned government reforms would result in definite scheme changes, research reveals.

Half of employers still do not know how much auto-enrolment will cost them in their first 12 months of compliance, JLT Benefit Solutions research shows.

Bad practice in ETV exercises highlighted by Steve Webb has already been eradicated and the real problem lies with constrictive legislation on pension transfers, a consultant says.

The bundled provider market is facing a "capacity crunch" on the delivery of pension solutions for companies ahead of their auto-enrolment staging date, a consultant warns.

UK - JLT Pension Capital Strategies has started a dedicated de-risking service to help sponsors and trustees efficiently work towards a pre-agreed defined benefit exit strategy.

Pensions minister Steve Webb's intervention on incentivised transfers out of defined benefit schemes is "dangerous and disingenuous", industry figures say.

UK - The UK's biggest defined benefit schemes have knocked £40bn ($65bn) off their deficits over the past year, as stronger equity performance pulls schemes towards full funding, figures show.