UK - The ICI UK Pension Fund deficit could rise by 50% because of increasing longevity of its members, the latest annual actuarial report has claimed.
In addition, the £7bn ICI fund also saw its 2005 funding shortfall rise £27m to £470m. ICI, a specialty products and paints business, said that after having taken account of adjustments to the “...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- 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