UK - A law firm, actuary and IFA are linking up to help small firms cut their pension scheme deficits.
Law firm Dickinson Dees, actuary Hazel Carr and independent financial adviser Cavanagh say they tested their holistic approach at a small firm and slashed the £5m fund’s £10m deficit to £1m in just 12 months.
Dickinson Dees solicitor Tushar Bhate said: “With several different advisers not talking to each other it is difficult for small schemes to get a broad picture.”
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