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.
The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, the Pensions Management Institute (PMI) has warned.
Some 56% of defined contribution (DC) asset managers do not believe they will have transaction cost information in time for pension funds' March year-end statements, according to Lane Clark & Peacock (LCP) research.
NEST has appointed Clive Elphick, Martin Turner, Mutaz Qubbaj and Chris Hitchen as trustee members of its reshaped board.
Most people want to avoid investing in projects that contribute to climate change, and would consider moving to another less-exposed provider, according to a survey commissioned by ClientEarth.