GLOBAL - Funded ratios of defined benefits plans in major global markets have fallen over the third quarter of 2006 with Canada faring the worst with a slide of 4 percentage points, a Towers Perrin market update showed.
The drop in funded ratios was mainly due to the decrease in long bond yields that reversed the gradual rise in yields of the two preceding quarters. According to the report, the funded ratios of Canadian...
“Mounting red flags of financial stress” have meant almost two-thirds of listed companies with defined benefit (DB) schemes have issued profit warnings this year, EY says.
With rumours once again swirling around the future of pensions tax relief in the run up to this year's Budget, any reduced incentive for long-term savers could risk further exacerbating the generational divide in pensions, says Tom Selby
Trustees are set to have an increased duty of care to ensure employees and members make informed choices when accessing their pension, according to Wealth At Work.
The Family Building Society’s 250-member defined benefit (DB) scheme has transferred into TPT Retirement Solutions’ master trust, DB Complete.