A recent development in the U.K. pension market to give British workers a ‘pot for life’ could reduce the quality of retirement plans that are already in place and create administrative challenges, says Adam Bexson, senior corporate pension consultant at Verlingue Ltd. Currently, plan members are automatically enrolled into a retirement plan chosen by their employer, […]
Increased volatility, stubborn inflation and erratic interest rates are making for financially uncertain times, where it can be more reassuring to seek safety in shared risk, rather than shouldering financial ambiguity alone. Celebrated for their pooled assets and shared risk, multi-employer pension plans are gaining traction. Tami Dove, director of member experience at the Co-operative […]
In seeking to create its own police department, the City of Surrey, B.C. has worked out the pension portability problem for its future officers. A formalized agreement between the city’s municipal pension plan and the Royal Canadian Mounted Police plan will allow officers moving to a job at the city to fully transfer their RCMP pensions. As of Aug. 9, 2019, […]