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5,021,000,000 United States dollar (2019) Number of employees. 25,000 (2019) Parent. Marsh McLennan. Mercer is an American consulting firm founded in 1945. It is one of the four operating subsidiaries of global professional services firm Marsh McLennan (NYSE: MMC). Mercer is headquartered in New York City with offices in 43 countries and ...
The Pensions Act 2008 is an Act of the Parliament of the United Kingdom. The principal change brought about by the Act is that all workers will have to opt out of an occupational pension plan of their employer, rather than opt in. This is referred to as automatic enrolment, and moves a significant amount of responsibility onto the employer to ...
Pension scheme. Smart Pension is a pensions and retirement technology business, delivering pensions technology platforms in partnership with other financial institutions, [1] and running a defined contribution master trust pension scheme setup for employers to enrol employees in a workplace pension scheme. [2]
Oliver Wyman is an American management consulting firm. Founded in New York City in 1984 by former Booz Allen Hamilton partners Alex Oliver and Bill Wyman, the firm has more than 60 offices in Europe, North America, the Middle East, and Asia-Pacific employing over 5,000 professionals. [1] The firm is part of the Oliver Wyman Group, a business ...
Master trust pension schemes have existed for many years, but came to prominence after the introduction of automatic enrolment. In April 2014 it was estimated that master trusts had accounted for around two thirds of individuals automatically enrolled in the UK. See also. Pensions in the United Kingdom; UK labour law; Basic state pension
The basic State Pension (alongside the Graduated Retirement Benefit, the State Earnings-Related Pension Scheme, and the State Second Pension) is a benefit payable to men born before 6 April 1951, and to women born before 6 April 1953. The maximum amount payable is £169.50 a week (April 2024 - April 2025). [1]
The Pensions Regulator (TPR) is a non-departmental public body which regulates work-based pension schemes in the United Kingdom. Created under the Pensions Act 2004 , the regulator replaced the Occupational Pensions Regulatory Authority (OPRA) from 6 April 2005 [1] and has wider powers and a new proactive and risk-based approach to regulation.
Pension Protection Fund. The Pension Protection Fund ( PPF) is a statutory corporation, set up by the Pensions Act 2004, and has been protecting members of eligible defined benefit (DB) pension schemes across the United Kingdom since 2005. It protects close to 10 million members belonging to more than 5,200 pension schemes across the UK.
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