Pension transfer requests out of defined benefit (DB) schemes doubled after the relaxation of defined contribution (DC) retirement processes, according to research from one provider.
The ‘Black Monday' stock market crash drove the value of defined benefit (DB) pension scheme deficits up by as much as £30bn in a single day, according to analysis.
Employers are looking to cut contributions
Asset managers must open up to allow investors to separate the skilful from the luck
Plans to release public funds on setting up a special purpose vehicle (SPV) for Newham Pension Fund have been called in by the council's overview and scrutiny (OS) committee following concerns.
The £900bn deficit in UK defined benefit (DB) schemes would require more than a year's salary from every person in the UK to fix, according to Hymans Robertson.
The decision to increase public sector employee pension contributions is expected to net the Treasury an extra £2.9bn in 2014-15, according to official figures.
London Pension Fund Authority (LPFA) chairman Edi Truell is to step down to take up a position advising London Mayor Boris Johnson on pensions.
Pensions Buzz: sponsors can't push trustees around