US - The vast majority of large corporate pension plans are financially healthy, according to a survey by the Committee on Investment of Employee Benefit Assets (CIEBA).
The survey showed assets in both defined benefit (DB) and defined contribution (DC) plans increased during 2006 by 9% and 11% respectively.
Plan increases were explained by strong investment returns, however, 71% of DB plans sponsors contributed over $27bn to their plans.
DB plans had 68% more assets and paid out 53% more in benefits when compared with DC plans.
William Quinn, chairman of CIEBA, said: "This survey confirms that the massive changes in law adopted in 2006 were an overreaction to temporary conditions and that pension rules need to take into account the long-term nature of pension promises."
Industry experts are calling on the government to act quickly on new pensions dashboard legislation. The DWP is looking at how to do it amid Brexit constraints, writes Kim Kaveh.
An interactive and hands-free technology that allows savers to track how much they have invested into their retirement pots has been launched by Smart Pension.
The Lighthouse Pensions Trust has recorded an 84% surge in the number of employers signed up to its auto-enrolment (AE) provision.
Melrose Industries's UK defined benefit (DB) schemes had a £5.5m combined deficit at the end of 2016, its annual results have revealed.