Commission adversely influences advice to consumers, according to nine out of ten financial services executives at a Watson Wyatt-hosted debate.
Many employees in defined contribution (DC) company pension schemes can expect contributions of up to 15% of their salary which is the level used by the Pension Commission in its illustrations of pension outcomes.
A total of 45% of employers with defined contribution (DC) pension schemes could change their arrangements, according to a survey by Watson Wyatt.
A total of 60% of companies are looking to hedge longevity risks within their pension schemes, according to research from management consultancy Watson Wyatt.
Consumers should register transitional protection of their pension benefits sooner rather than later to avoid significant tax penalties, urges management consultancy Watson Wyatt.
Large companies offer 70% of senior hires a defined contribution (DC) pension, according to research from Watson Wyatt.
Citigroup will not become a big pension fund buyout player, says consultancy Punter Southall.
More companies could shed their pension obligations through buyouts, according to Watson Wyatt.
At least 30% of defined benefit occupational pension schemes are prepared to risk ‘triggering' regulatory follow-up by setting funding targets below the levels set by the Pensions Regulator.
The government's decision to extend the Financial Assistance Scheme for workers who lost their pensions when their employers collapsed, is just more political spin, says a leading pensions campaigner.