The industry has to be more flexible to make defined benefit (DB) schemes more sustainable during this time of economic uncertainty says Ros Altmann.
Speaking to PP, the pensions minister shared her concerns about how the mounting burden of DB liabilities could undermine the health of companies. She said: "We do not want to weaken businesses by diverting...
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