UK - The FSA said it is exercising greater control over its pension liabilities by taking into account the impact of future salary increases.
It made the comments in its 2002/03 annual report, and said it is making yearly top-up contributions into the scheme starting with £2.5m in 2003/04. The final salary scheme had an FRS17 deficit of...
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
