Jonathan Stapleton looks at research from Llewellyn Consulting, which analyses the impact of DB liabilities on the share price of FTSE100 firms.
At a Glance There is broadly a 1:1 effect of deficits on the market value of firms when measured on a ‘risk free’ basis This is equivalent to an additional risk premium of 20% of disclosed pension...
This week's top stories included analysis suggesting the British Steel Pension Scheme could have a £2bn surplus, while the Treasury removed its controversial MPAA cut from the Finance Bill.
Members of master trusts will see greater protection as new rules for an authorisation regime and capital adequacy have been signed into law.
Royal Mail has offered its employees a cash balance defined benefit (DB) scheme as a compromise for closing its current career average DB scheme to accrual.
The question of the state pension age will not be answered before the snap general election, the Department for Work and Pensions (DWP) has told PP.