A £200m Financial Services Authority (FSA) legacy scheme deficit has left insurers questioning how much of the individual levies is contributed towards it.
The FSA's deficits was created through a final salary defined benefit (DB) scheme which sources described as "overly generous" in its longevity assumptions and pay schemes. "The funding that was...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date