Britons believe they will have to work an extra six years and delay their retirement plans as a result of the recession. Workers are rethinking their retirement due to heavy falls in defined contribution pension assets, according to Aon Consulting. More...24 September 2009 15:01
Top employers including Kellogg's and Accenture have thrown their weight behind the new Pension Quality Mark, saying it will improve awareness of pension benefits and aid staff recruitment.
The mark, launched by the National Association of Pensions More...22 September 2009 15:48
Marks & Spencer and Kellogg's are among the first seven companies to be awarded the new Pension Quality Mark, launched today by the National Association of Pension Funds (NAPF).
The new mark – set up by the employer-led NAPF – aims to More...21 September 2009 15:02
British firms need to find £200m to plug a funding gap for the pensions of their top executives, the Guardian has reported. A survey of FTSE 100 companies by independent financial adviser Hargreaves Lansdown , found the funding gap for so More...21 September 2009 09:46
Thousands of workers at the steel firm Corus are to be balloted on whether to take industrial action over plans to close the group's final salary pension scheme to new entrants, the BBC has reported .
Community, Unite and GMB unions decided More...18 September 2009 08:54
Employers that offer defined benefit pension schemes face massive costs and deficits. What can they do to achieve cuts? Alistair Russell-Smith provides advice. Defined benefit (DB) pensions accrue over the course of an individual's working lifetime More...14 September 2009 09:56
HR news and analysis including:
Microsoft's plans for introducing 3,000 apprenticeships in the UK
findings from the TUC's annual Pension Watch survey.
Presenter Tara Craig is joined this week by John Charlton.
Edited by Tara Craig. More...11 September 2009 16:43
A council manager is set to win £1 million compensation in the largest payout for age discrimination in the UK after winning the final leg of a legal battle to prove he was wrongly made redundant by Tower Hamlets, the London Evening Standard has r More...11 September 2009 15:16
Average pensions for UK company directors rose by almost a quarter last year according to TUC research, which claimed they can retire on an average of almost £250,000 per year per head. The TUC's seventh annual Pensions Watch survey of directors at t More...11 September 2009 00:01
For every pound that taxpayers spend on public sector pensions, they dole out £2.50 in subsidising the pensions of the richest 1%, according to a TUC report.
Decent Pensions for All claimed that 60% of tax relief on pensions goes t More...09 September 2009 00:01
Whitbread, the hotel, restaurant and café group, has closed its defined benefit pension scheme to existing members, the Financial Times has reported. The move by the owner of the Premier Inn and Costa Coffee chains was announced on Friday. It f More...07 September 2009 10:57
Childcare vouchers are the most commonly offered benefit by employers, according to research from Personnel Today 's paid-for sister service XpertHR. The survey of 288 organisations – covering a combined workforce of more than 790,000 people&nb More...01 September 2009 10:47
Employers have closed 87% of defined benefit pension schemes to new members and increasing numbers of organisations are also closing the schemes for their existing workforces.
Research conducted by the Association of Consulting Actuaries (ACA) rev More...01 September 2009 08:45
Fujitsu employees have shown they are willing to strike over their employer's decision to close the company's final salary pension scheme, The Times has reported.
Unite union said 87% of its members at Fujitsu had voted in favour of strikin More...01 September 2009 08:34
The government has hit back at claims that millions of public sector workers will be stripped of their final salary pension schemes.
The Communities and Local Government department denied a report published in the Times yesterday, which suggest More...27 August 2009 08:04
RBS has cut retirement benefits for 60,000 staff in a bid to save £100m a year.
The bank has proposed that staff on final salary pension schemes have their pensionable salary capped at 2% a year, or the annual rate of inflation. Alternatively empl More...26 August 2009 08:34
Plans are being drawn up to slash public sector workers' pension plans to deal with an expected £60bn shortfall in pension funds.
Communities secretary John Denham is said to be drawing up plans to strip two million local government employees of t More...26 August 2009 08:13
The downturn has prompted employers to roll out measures to cut payroll costs. But the impact on the employer's pension arrangements is sometimes overlooked – resulting in last-minute obstacles. How can those in HR, tasked with planning such projec More...25 August 2009 13:00
Half of the final salary pension schemes in the private sector will have closed to existing staff within three years, a survey has found.
Acturial firm Watson Wyatt surveyed more than 250 employers in July, finding that while about 75% of all final More...18 August 2009 11:01
IBM is to brace itself for a backlash from thousands of employees against the company's plans to close its final salary pension schemes to future accrual and to alter the terms of its early retirement scheme, Unite union has warned.
Plans to change More...17 August 2009 10:00