UK - Humberside Fire and Rescue Service's £6.2m pension deficit could rise to £12m in the next few years, the fire authority has been warned.
Employers said that a £1.6m deficit 10 years ago had risen to £6.2m and looked set to almost double as the large number of fire-fighters taken on in the 1970s, when the shift system changed, became eligible for retirement.
The gap will have to be plugged through either an increase in council tax, cuts to the service or intervention from central government.
Most people think it is right that savers take responsibility to protect from pension scams.
More than 100,000 savers face being landed with huge tax bills following tiny uplifts to their pension, a Freedom of Information (FOI) reply has revealed.
On balance the asset class is well-positioned for 2019, according to Eaton Vance