TUC

Coverage of corporate defined contribution plans is not growing fast enough to fill the gap left by the continuing closure of defined benefit, Trades Union Congress analysis reveals.

The TUC has urged Pensions Minister Mike O'Brien to resist pensions industry lobbying to water down the test to decide whether an employer's pension scheme is good enough to qualify as an alternative to Personal Accounts.

The Department for Work and Pensions and the Trades Union Congress has teamed up to launch a network of ‘Pensions Champions' to deliver information and advice to workplaces across the country.

The decision not to allow transfers in and out of personal accounts could lead to employees being trapped in "high charging, poor value personal pensions", warns the Trades Union Congress.

The TUC has put directors pay on the agenda again after noting the growth rate in income differntials are speeding up, reports The Times .

Adair Turner believes the proposals put forward in the pensions white paper on state reform are a "reasonable compromise", and is pleased the government did not bow to pressure to remove contingent compulsion for employers in its plans for personal accounts....

The white paper on pension reform, widely expected to be published on Thursday, should meet five key tests, including setting out a clear timetable for reform, if it is to build a new sustainable system, claims the Trades Union Congress (TUC).

The Trades Union Congress (TUC) has stated no real reform of pensions will work unless the state pension is linked to earnings.

The Pensions Management Institute (PMI) has received approval from the Qualification and Curriculum Authority (QCA) for its two new qualifications for pension trustees.

Nearly three-quarters of member-nominated trustees (MNTs) want to see a formal qualification for trustees, to help meet the requirements for trustee knowledge and understanding (TKU), claims a survey by the Trades Union Congress (TUC).