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.
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.