UK - The deficit on the £1.5bn GKN final salary pension scheme has risen to £750m, according to analyst reports.
Its gross deficit stood at £650m in August according to the company’s interim report, which also revealed that the company was considering closing the scheme to new members.
At the time GKN said it would inject an extra £30m into its schemes over the next three years, in addition to the £8m a year it had already allocated for this purpose.
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.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point