Companies could increase their defined benefit (DB) contributions rates to meet a £770bn funding gap over the next 60 years.
This is despite FTSE 350 companies already allocating 34p in every £1 spent to plugging DB funding shortfalls. Barnett Waddingham's Impact of Pension Schemes on UK Business report showed FTSE 350 DB...
DB scheme consolidator Stoneport hopes to get 100 schemes signed up by the end of next year, but employer covenant will be vital, chief executive Richard Jones tells James Phillips.
The outlook for future longevity in the UK has not necessarily worsened as a result of the coronavirus pandemic, Aon says.
Mitchells & Butlers has deferred £13m of deficit recovery contributions (DRCs) after tier four Covid restrictions wreaked havoc across the hospitality sector.
British Airways (BA) has deferred deficit recovery contributions (DRCs) totalling £450m following an agreement with trustees after a catastrophic year for the airline industry.
Jump from 554 in 2019