The last ten years could become known as the "lost decade" for pensions, a KPMG report claims.
UK - The value of buyouts, buy-ins and longevity swap deals struck during the 2009 has been more than £7.5bn (US$12bn), latest research by Hymans Robertson revealed.
The aggregate pensions accounting deficit for the 200 largest UK pension schemes has ballooned to £103bn - topping the £100bn for the first time ever, Aon Consulting's Aon200 index reveals.
UK - The aggregate pensions accounting deficit for the 200 largest UK pension schemes has ballooned to £103bn (US$166bn) - topping the £100bn mark for the first time ever, Aon Consulting's Aon200 index revealed.
The "vast majority" of schemes will pay more levy under rules laid down by the Pension Protection Fund last week, the National Association of Pension Funds says.
UK - A ruling by the UK High Court yesterday has limited the occasions in which employer debts are triggered in a multi-employer scheme.
A ruling by the High Court yesterday has limited the occasions in which employer debts are triggered in a multi-employer scheme.
The Pension Protection Fund took on three more schemes last month resulting in an additional 275 people becoming eligible for compensation from the fund.
The Government's increase in taxation is a "complete distortion", Liberal Democrat Treasury spokesman Vince Cable says.
As many as 150,000 additional people will be caught out by the extension of higher-rate tax relief restrictions.