Defined benefit (DB) pension schemes are likely to reject the Treasury's proposal to give members direct access to the Budget freedoms, Barnett Waddingham says.
FTSE 350 deficits have climbed 40% since September with spiralling gilt and corporate bond yields putting increased pressure on schemes.
Stephanie Baxter says local boards will increase complexity, not improve governance
The proportion of FTSE 100 companies with sizeable defined benefit (DB) schemes has fallen to just over half, according to research from JLT Employee Benefits (JLT).
Combining local pension boards in the Local Government Pension Scheme (LGPS) would strengthen governance standards, according to the National Association of Pension Funds (NAPF).
PP looks at the perils and opportunities of plunging petro prices
PP examines how schemes can seek redress for poor advice
The Budget freedoms that come into force in April could trigger mis-selling claims worth billions of pounds, Sackers has warned.
PP looks at government plans to improve LGPS governance
Former TPR boss Tony Hobman says DC changes should not distract from DB challenges