UK - Black holes in pension schemes have forced the Confederation of British Industry to scale back its forecasts for economic growth.
CBI chief economic adviser Ian McCafferty said levels of investment were “worryingly weak”.
He said: “Corporate investment – on which so much of this recovery depends – will continue to be constrained by weak global demand, excess capacity, low returns and increased cost burdens such as pensions provision.”
Alan Pickering says politicians should have the freedom to redefine what is meant by 'absolute'
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This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.