UK - The government is ignoring evidence about the effects of the Inland Revenue's proposed £1.4m lifetime pensions limit because the truth is politically unacceptable, experts claim.
Society of Pensions Consultants president Donald Duval said that if the limit increased in line with prices, it was very likely that average earnings would rise faster.
And Duval said that if this was the case far more than 5000 people – the government’s estimate – would be hit by the cap.
The 100 largest global pension funds are widely ignoring climate-related risks despite recent warnings by UN scientists, the Asset Owners Disclosure Project (AODP) says.
Premier Inn owner Whitbread has cut its defined benefit (DB) pension deficit to £162m ahead of its agreed £3.9bn sale of Costa Coffee to Coca-Cola.
Trends in longevity and mortality have proven difficult to forecast historically, but are vital to funding schemes and ensuring adequate retirement pots. James Phillips explores the key influences
The two-sided simplified annual pensions statement should be applauded, even if it missing information, says Jonathan Stapleton.