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European Pensions News

PensionsEurope: Hard Brexit could be costly for pensions

PensionsEurope has called on the EU and the UK to consider the impact of Brexit on the pensions sector before striking a final deal. The European pension scheme group issued

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Automatic enrolment minimum contributions set to rise

The next stage of automatic enrolment will take place on 6 April, with minimum contributions set to rise from 2% to 5%. The 3% rise in minimum contributions will see

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Hymans Robertson appoints Alistair Russell-Smith as head of corporate defined benefit practice

Pensions and risk consultancy Hymans Robertson has named Alistair Russell-Smith as head of its corporate defined benefit practice. Russell-Smith, who joined Hymans Robertson in 2000, has been a partner for

News UK Pensions

FTSE 100 defined benefit pension schemes enjoy deficit drop

Favourable market conditions and significant sponsor contributions helped drive a 32% reduction in the estimated FTSE 100 defined benefit pension scheme deficit over the year to the end of June

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JLT Employee Benefits rolls out buyout comparison service

JLT Employee Benefits has launched a new buyout comparison service and monitoring tool that allows companies and trustees to receive regular bulk annuity quotations from insurers in the marketplace. The

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Willis Towers Watson: IPPs and ISPs reach record levels

A record number of international pension and savings plans (IPPs and ISPs) were set up last year, according to Willis Towers Watson, as employers strive to meet the savings needs

News UK Pensions

DWP issues defined benefit whitepaper

The Department for Work and Pensions (DWP) issued its whitepaper on defined benefit pension schemes yesterday. Recommendations centered on protecting pension pots from the kind of situations that struck Carillion

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Defined benefit pensions review could propose penalties for company bosses

Prime Minister Theresa May’s plans to crack down on reckless behaviour that puts defined benefit pensions at risk are “essential” to scheme security, the Pensions and Lifetime Savings Association (PLSA)

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University strikes remain on as UCU rejects proposals

The University and College Union (UCU) has rejected a proposal drawn up at talks with Universities UK to end the university pensions strike. UCU representatives met with Universities UK on

News UK Pensions

PLSA Investment Conference tackles big risks and sin stocks

Pension schemes across the country are attempting to become self-sufficient as funding crises threaten to strike those offering defined benefits, heard attendees of the Pensions and Lifetime Savings Association (PLSA)