UK - The Treasury is being forced to increase its contributions to the £250m Parliamentary Contributory Pension Fund to plug a £25m deficit.
A surplus at the MPs’ fund had allowed the Treasury to cut its contribution from 18.6% to 7.9% But an actuarial valuation to April 1, 2002, showed that this reduced contribution rate had used up t...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
