The total cost of pension liabilities at the UK's 100 largest public companies increased from £586bn to £681bn last year, according to research.
JLT Employee Benefits' study of FTSE 100 defined benefit (DB) pension funds found the total IAS 19 accounting deficit by 31 December 2016 was estimated to be £87bn, up from £17bn the previous year...
More than 240,600 savers have lost an estimated £14.6bn of pension savings to fraudsters, but a further £2.5trn remains potentially accessible to criminals, The People’s Pension (TPP) says.
Pensions schemes with sponsors facing severe economic difficulties due to Covid-19 must prepare for the lifting of temporary protections from corporate insolvency at the end of the year, Aon says.
Lady Tina Green has agreed to pay a £50m deficit recovery contribution (DRC) to Arcadia’s pension schemes earlier than scheduled.
Another week-on-week increase in the number of deaths with Covid-19 mentioned on the death certificate has brought total excess deaths since the beginning of the second wave to 5,000.
Smart has launched a retirement product in a bid to help guide members and bridge the advice gap.