UK - The Social Housing Pension Scheme is to increase member and employee contributions by up to 2.2 percentage points after a six-fold increase in its deficit.
The £650m scheme’s triennial review showed the deficit had soared from £19m deficit in September 1999 to £117m in 2002. The Pensions Trust, which runs the scheme, said increased longevity had pl...
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