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1) Plan to scrap Bauer judgment raises ‘serious issues’
The Department for Work and Pensions’ plans to scrap the Bauer judgment raises “serious issues of pension protection”, according to Lane Clark & Peacock.
2) Women need £185,000 more for same retirement as men
Women need to save £185,000 more than men to reach the same retirement income as them, according to Scottish Widows.
3) USS signposts members to LifeSight for drawdown
Universities Superannuation Scheme has become what is believed to be the first master trust to appoint another master trust to carry out member services, signposting its savers to LifeSight for drawdown provision.
4) £1.7bn Honda scheme hires Mercer as fiduciary manager
The £1.7bn Honda Group UK Pension Scheme has appointed Mercer to provide it with fiduciary management services.
5) Royal Mail details CDC contribution levels
Details on how employee contributions will work in the planned Royal Mail Collective Pension Plan have been outlined.
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