Unfunded pension promises made to past and present UK public sector workers now amount to £993bn, Towers Watson calculations reveal.
The consultant said this is £223bn more than the latest official estimate of unfunded public sector pension liabilities of £770bn March 31, 2008. It said its up-to-date estimate took account of factors...
Companies that do not provide appropriately for their employees’ retirement are “storing up a potential staffing crisis”, according to Burness Paull.
Changes to corporation tax announced in the Spring Budget could see defined benefit (DB) scheme sponsors defer contributions in favour of tax relief, according to Barnett Waddingham.
Defined benefit (DB) pension scheme sponsors issued 249 profit warnings last year, 90% of which were specifically related to the coronavirus pandemic, according to EY.
Everyone wants VFM—but what represents value, and for whom?
“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.