UK - Workers are concerned about their company pension schemes but remain alarmingly complacent about their retirement income, Cavendish Asset Management claims.
A survey by the fund manager found 31% of staff feel that their company pensions will not provide sufficient funds for retirement.
And only 42% believe that their company pension is adequate.
Cavendish senior fund manager Paul Mumford said this showed many employees had a blind optimism in the government or that their employers would come through for them.
The Pension Protection Fund (PPF) is consulting on proposals to charge a "risk reflective" levy for commercial defined benefit (DB) consolidation vehicles.
The funding gap across FTSE 350 schemes could be slashed by as much as £275bn if schemes look beyond traditional ways of creating value. Victoria Ticha examines how
There will be "many flavours" of defined benefit (DB) consolidators but consolidation will only be the right answer for a minority of schemes, Alan Rubenstein says.
Work and Pensions Committee (WPC) chairman Frank Field has questioned the regulator on what lessons it can learn from the experience of the Kodak Pension Plan No.2 (KPP2).