FTSE100 companies overall scheme deficits have reduced by over £15bn according to Barnett Waddingham's annual Accounting for Pension Costs by FTSE100 Companies report.
The report showed that while assets were at lower levels in comparison with last year higher discount rates helped reduce the deficit. The report focused on the assumptions adopted by FTSE100 companies...
Most reform options for pension tax will leave many savers with smaller pots and cause substantially more costs for schemes and employers, says the Pensions and Lifetime Savings Association (PLSA).
Scottish Widows’ workplace pension assets hit £68bn at the end of 2020, comprising almost half of its total £113bn of open book assets under administration.
The number of deaths registered in England and Wales for week six of 2021 was 27% higher than expected, down from 52% higher than expected in week five of the new year.
Corners were cut in the 2015 introduction of pension freedoms which have left pension savers vulnerable and suffering, according to Work and Pensions Committee (WPC) chairman Stephen Timms.
Registration for the inaugural Sustainable Investment Festival is now open.