UK - FTSE100 companies dramatically upped pension contributions last year to a record £17.5bn ($27.8bn), data from Lane Clark & Peacock reveals.
Figures from the consultant's 17th annual Accounting for Pensions report said the figure was up 50% on 2009. The largest contribution was by Royal Dutch Shell at £3.3bn, up more than £2.5bn on contributions...
“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.