Morrisons

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Supermarket giant Morrisons has seen its two defined benefit schemes swing from surplus into deficit after lower returns on assets, its final results show.

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A huge positive point that can be taken from the first tranche of auto-enrolment is how some companies have hit the nail on the head with communications and access.

Morrisons supermarket had around 5,000 of its employees actively opt-in to its pension scheme before the official staging date on the 1st of October.

The government is considering a separate regulatory regime for defined ambition schemes, Steve Webb has said.

The Royal Bank of Scotland has completed its first month of auto-enrolment in the UK - with 50% of non-members choosing to stay enrolled in the scheme.

Morrisons has announced Capita Hartshead will provide scheme administration and auto-enrolment processing for its cash balance scheme.